PNB might cover the gapPNB had opened gap up on 10th July. Yesterday it closed close to the gap up open price. Seeing the volumes from past 2 days it is more likely to fall today to cover the gap. We can short below 149 for the target of 144. Stop loss can be 152. Shortby minchuUpdated 222
PNB - Wake up or V-Cup with PNB@148-149You want to Wake up or take the V- cup - your choice. It has retraced 50% of the rise from 132 to 164 at closing price for the day @148-149. The zone of interest 148-149 was shown in previous post which was travelled today on account of dalal street bleeding for the day & PNB cracked below 157 updated early morning@08:11 Hrs - 3rd Aug2017. Travelling again & again in the zone 157-158 (We need to pack our bags) - after an idea was published as shown below - we changed as markets wanted us to do so ( after all trend is your friend) What Next ? As I always say - never hurry in the markets ( There is a saying very commonly used by all of us - "He whose mouth has been burnt by hot milk even blows on buttermilk when drinking it!" ) So, wait let market show interest then we take interest. we shall look for a cautious bounce if markets support the initial move holding above 145-146 Zone. Once you have taken the V-( Victory) cup - It will boost you for solid performance next. Note- Try the V-cup on your own risk. Fire with Cypher@157 - I turned upside did you -- I dumped as well in time, did you ? - react with a sonic speed if you want to survive in markets. Bat was sitting in the cup - It is scary! Triangle be the mother of shark - 159 to 149-146 (Took a longer path but the destination was reached) Longby WaveTalksUpdated 1114
PNB - Can Triangle be the mother of shark- 159 to 149-146Hardly moved from our target zone of 157-158 as expected in last update. The way it has moved since our target achieved -we think some thing is left downside. So, here comes shark after triangle or triangle - the mother of shark Holding below 160 levels as bulls can come back sharply above that level. PNB can complete the shark pattern's final leg in the zone 148.50- 149.50 & if extends downside then can test 145-146 zone which is the second permitted extension 113% for shark. Target Zone -148.50-149.50 Target Extension - 145-146 Note This move is valid till the time PNB stays below 160 level- Above 160 level - Bulls will show their power or we complete the shark in 145-149 zone & Boom Next Previous Update - The Zone of 154-155- Fevicol ka jod hai Shortby WaveTalksUpdated 2219
PNB - Fire with Cypher @157- I turned upside- Did you!Last Price@160 PNB on fire with the cypher right at the bottom@157 where we booked partial profits yesterday in 2nd downside target. Target -164 - 176+ Trading Plan Moving above 158.50 -159 it will show its way for upside & we got an opportunity back again with volatile action close to 157-158 just within last hour of trading protecting 156 on downside. We are in the trade with zero risk. Previous Update - Bearish Bat below 161 to 159-156 Longby WaveTalksUpdated 161615
PNB - Bearish Bat at 163- activates below 161 for 159-156.50-154Bearish Bat can activate below 161 for 159- 156.50-154.50 & finally 152. My important part of trading is risk management -if you can manage the risk you become winner in the trade. So, trade set up activates below 161 & one should put stop loss of upcoming high or high which is already in place above mentioned targets. Shortby WaveTalksUpdated 181825
Possible Long set up for Day trade I am looking two possibility for day trading 01) Either they will brake current market to down ward and re-test( 152/155) the low before making new High to 162+ 02) Or the Stock can Gap up and tag the Upper trend line or brake the TL and then starts down ward to retest the low , before making another move above 162+ in both case i am expecting the re-test to low before making impulsive move to further higher high Lets see what happens Regards Longby shiv2798Updated 223
PNB: Piercing Through The SupportNotes on the chart. Hit Like/comment if this information is useful. Trade Safe, Stay Healthy. Best Regards BravetotradeLongby BravetotradeUpdated 6610
PNB | Triangle pattern | Long ONLY IF 155 is broken.PNB got a strong resistance @ 155 (notice is Daily time frame as well). Hence if 155 is taken out, triangle pattern will be confirmed and we can go long with 161.50 as target.Longby Akhil008Updated 3
PNB- Fevicol ka jod hai Tootega Nahi-155Famous tag line from a company which makes end result sticky. Fevicol level of 155 - not once it stopped - stops 4 times including an earlier occasion of 155. It is a triangle which has formed if 150-151 zone is holded next then we look for 157-158 as next target. Target -157-158 Holding above 150-151 zone next. Googly or Doosra Magic of Googly -yet to come below 142 for 135 Longby WaveTalksUpdated 101016
PNB long setupPunjab National Bank long setup on weekly chart Buy above: 155 SL: 135 Target1: 180 Target2: 200 Target3: 225Longby k314Updated 338
Running Flat in making ? PNBSeeing the last wave ACTION. Is there a running flat in making for PNB. Let it close above 160 . Wait for pullback to sustain 150 . But very shrt termers can trade for 160 . This is a position call 4 260 levels . It will take time. by AJAYSHARMA4
PNB - You are back at 154.50- Googly returns back from 135Job done below 142 for 135- Slightly surpassed & made lows of 132-133 & Googly returns back at 154-155 -an important resistance zone. Trading Strategy Moving above 155 - we will have bullish scenario or wait for pullback in the zone 142-144 - the breakdown point as suggested in earlier update for target 135. We will look for a support in 142-144 - "if holds" then we plan to buy PNB or we buy PNB above 155 if sustains above for long term target of 185+ & short term it will be ups & downs. Previous Update - Magic of Google Yet to come below 142 for 135- The magic show done at 135 Longby WaveTalksUpdated 131313
Punjab National Bank:144 Res:165&180 sup:140Good recovery from the support line, with a breakout from the resistance. Next res: will be 165 &180 Support:140 by padiyaraUpdated 3312
PNB - Magic of Googly -Yet to come-below 142 for 135154.50 Key Level - Looks like unfolding a triangle -if goes close to 152-153 should remain below 154.50 - Googly or doosra can turn again from highs of 152-153 holding 155 on top can fall to 146- Below rising trendline to 142 lows & below 142 for 135. Other Scenario - Moving above 155 & staying above 155 only buy positions to be taken for an upside move. Previous update - Google or Doosra from RBI at 154.50 Shortby WaveTalksUpdated 242416
PNB in Reversal Mood, Bullish GARTLEY in Hourly Chart.PNB in Reversal Mood. Bullish GARTLEY Pattern formed in Hourly Chart. For Intraday & Short Term Levels=> Intraday RES.: @ 148.3, @ 149.9- 151 (HZ), @ 153.7, ST Res: @ 155.4, @ 157.8 , @ 163+ Intraday SUP.: @ 145, @ 144.3 - 143.7(BZ, Best BUY Zone) , @142.3, ST Sup: @ 141.6, @ 139. ST Weak Below @ 137 (By Closing). To motivate please Like/ Share / Comment . Disclaimer: Only For STUDY. For taking Trade Decision Consult Financial Advisor.Longby DSKF16222
DUAL TRADE SETUP - POTENTIAL HARMONIC BAT Hi, A Potential bullish BAT pattern under formation on 60 mins chart of PNB. Price broken higher time frame (4 hour) trend line & inching down, which gives us an excellent risk/reward short setup (BAMM move form B leg to D leg). Trade levels as follows. TRADE 1 ( BAMM MOVE) - SHORT SETUP ENTRY 147.5 or below STOP 148.6 Target 143.8 Risk/Reward : 3.4 Once the pattern completes D leg, we will have a long setup based on the price action. TRADE 2 - LONG SETUP ENTRY 143.8 STOP 140.7 Target 1: 147.5 (38.2%) Target 2: 149.8 (61.8%) Trade with Care Gulz by gulzUpdated 335