[Intraday] PNB Tweezer Bottom + Inside BarTweezer Bottom + Inside Bar
Long above 78.55, SL PDL
Short below 77.25, SL PDH
If gap up or down, follow 5m ORB.
PNB trade ideas
PNB - ABCD Pattern In Channel.AB=CD Is Completed.
Moving In Short Term Channel.
At Resistance Of Channel.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Punjab National Bank chart viewPNB
Levels are mentioned in the chart
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PNB Rising wedge PatternRising wedge pattern is forming in PNB, we may see movement downward in coming days.
Would like to your view.
PNB - Day Chart - REVISED IDEAHi,
I am revising my thoughts based on what my prof explained to me....
Now i am seeing what i wasnt seeing before.
Falling Trendline Resistance - Short PNB - R R Ratio 1: 3.65PNB is testing Upper Trendline in a downward channel.
Upper downsloping Trendline may act as resistance.
Short at 77.20 ( cmp )
Stop-Loss 81
Target 63.35
Risk 4.92% & Reward 17.94%
Risk Reward Ratio 1 : 3.65
MOMENTUM TRADE IN PNB DEC FUTMOMENTUM TRADE IN PNB
RISING OI+
RISING ABOVE 74 AFTER LONG TIME++
RESISTANCE BROKEN WITH RISE IN OPEN INTEREST+++
DEC FUT
BUY@74.5
STOP@72.75
TARGET@78.5
LOT:5500
QTY:1
SWING TRADE IN PNB DEC FUTSWING TRADE IN PNB
DEC FUT
HOLDING THE TRENDLINE
BUY@71
STOP@70
TARGET@74
LOT:5500
QTY:1
PNB RISING WITH BULLISH TRENDLINE AND MOVING AVERAGE CROSSOVERConstant support on trendline on daily chart
20-dma providing support constantly
today there is a possibility of 20-dma crossover 50-dma
FUTURES TRADE NOV/DEC
INTRA-DAY TRADE
BUY@71.35
STOP@70.35
TARGET@73.85
IF BREAKS 74.5 AND CLOSES ABOVE
BUY@75
STOP@73.80
TARGET@83.85
LOT:5500
QTY:1
PNB Tilted HNS and UptrendCase I: PNB is currently in the uptrend and the uptrend will get killed on Trigger II i.e. 67.4
Case II: Also, in the aggressive case, We can observe tilted HNS Pattern which will get triggered on Trigger I i.e. 69.
In both case, stop loss should be kept at 72.5
If the stop loss is touched, one should Stop And Reverse as it will be a continuation of the uptrend.
