📉 Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Falling Channel
📌 Symbol/Asset: PNB
🔍 Description: Stock is in a falling channel. And it might take support soon.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a...
I am bullish on Punjab National Bank Above 60, It's Current Price is Around 76.75, My Target View is 120-130 in Next 2-3 Months, Analysis Tool :- Horizontal Line and Trend Line for Support & resistance & breakout, Gan Fann for direction.
Bad Time Is Over For PNB
Huge Breakout
Buy At Cmp 76.75
Add Till 67/69
Add More In Panic To 60/62
SL - 44 ( Monthly Closing Basis )
Target - 220/300
Highest Monthly Volumes, Big Up Move Is Coming.
Price is travelling within a parallel channel, has made a cup afterwhich it has been consolidating around the breakout line for 4-5 weeks owing to price memory from prior years.. a clean breakout will ope target of 78-80 and there is a gap waiting to filled in that zone...stop loss 58.50 on wcb
Chart Type : Candlestick
Time frame : Daily
Tool Used: Fibonacci Extension
Please note that this analysis is based on the geometry of the chart, it is not a data based analysis.
From March 2023 the price has moved 85%. But for analysis we consider a strong swing of 65% which is from July2023 to today's candle and the Fibonacci extension is not drawn on the...
Stock Name - Punjab National Bank
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 82
#This is not Buy and Sell recommendation to any one. This is for education...
🔹 Technicals:
▸ Stock is in confirmed uptrend in the mid-term.
▸ Strong breakout in July supported by good volumes.
▸ Price is still above the key moving averages indicating a strong control of buyers.
▸ There is a demand zone near 20 EMA
▸ Previous swing high level near the 50 EMA
▸ A flip zone is present at 57-60 zone.
▸ This means there are plenty of...
PNB swing pick
Entry above 64
SL 58
Target 1 74, T2 853
RR Ratio 1.7
Expected return 15-25%
For education/research purpose.
Please take trade based on your own judgemen.
CWH pattern has been formed in PNB where no proper handle was formed. But the neckline at 59 was retested twice. A bullish candle at this line may give the stock a 24% run up.
Stock Name - Punjab National Bank
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 73
#This is not Buy and Sell recommendation to any one. This is for education...
BUY - PNB
CMP - Rs. 51
Target - 1: Rs. 60
Target - 2: Rs. 68
Target - 3: Rs. 89
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Technicals - Bullish Flag BO
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This is just a view by an expert analyst, please trade at your own risk.
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44 has stayed as resistance in PNB for more than one year
now that it as broken this level and coming back to retest, need to observe if there is serious buying at this level.
considering strength returning in Banking sector. target of 68 is likely in 6~9 months.
Waiting for blue downward trendline to be broken.
SL below swing low..
