Is PNB on a new support line? Swing Trade opportunity!!!PNB is retesting the previous resistance level, if it sustains and marches upward it will become the support!!!
Good volumes.
Can enter at current market price.
Target - 55/60/70
SL - 35
Above 70 it will be a delight!!!
Need greater patience, since it is a PSU banking stock it will rise on a gradual basis!!!(Maybe more than 3 months)
Note: All levels are only for educational purpose.
Follow and show your support!!! _/\_
PNB trade ideas
PNB READY FOR 200 LEVELSThe stock has been in consolidation phase for pretty long since 2017 , the 131 level is a major resistance for the stock which is expected to be broken . it has been forming cup and hnadle pattern and now the bull phase for the same has initiated. targets are 216 and 409 for short and long term respectively
Punjab National Bank - Long Setup, Move is ON...#PNB trading above Resistance of 130
Next Resistance is at 153
Support is at 104
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Punjab National Bank - Long Setup, Move is ON...#PNB trading above Resistance of 104
Next Resistance is at 130
Support is at 86
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
PNBPNB-EQ
-Strong Breakout Candidate
-Round Bottom Structure Breakout
-Strong Range Accumulation
-Massive Volume Buildup
-Performing Good but had Bad Reputation
-Just for Trading & Swing not for Investment
Entry 🟢: Above 129
Target 🎯: 164, 197, 220 ++
Stop loss 🔴: 105 WCB
Remark: Short Term
⚠️ Disclaimer : Chart & Levels are for educational purposes. Trade according to your Risk or consult with your Finance Advisor.
PNB; Hindsight Analysis - Following SL rulesThis analysis was to showcase the importance of sticking to the rules.
As per all our previous charts, we intend to exit when there is a close below previous HL.
By following the entry and exit rules, it would have been possible to stay away from this stock where it did not move much on the upper side.
$NSE:PNB TIME FOR PSU BANKS?The stock looks very strong on the weekly chart and is breaking its long consolidation since 2019. If the stock manages to close above 70 this week and breaks this weeks high in the coming weeks one can plan to go long for targets of 82-90-100 on a positional basis with a stop loss of 65 on a weekly closing basis.
The stock has moved about 9% today so its better to buy on dips for positional gains and not just a quick move.
NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH THEIR FINANCIAL ADVISOR BEFORE TAKING ANY INVESTMENT DECISIONS.THIS IS ONLY FOR EDUCATIONAL AND LEARNING PURPOSES.
PNB Riding the Wave: Strong PSU Sector Propels Uptrend**"PNB Riding the Wave: Strong PSU Sector Propels Uptrend, Eyes on 105"**
As market dynamics evolve, Punjab National Bank (PNB) is emerging as a prominent player within the Public Sector Undertaking (PSU) sector. With the PSU sector displaying remarkable strength, PNB appears poised to continue its upward trajectory in the stock market.
Investors and traders are closely monitoring PNB as it advances towards the 105 mark. The robust performance of the PSU sector is contributing to the positive sentiment surrounding PNB, indicating a sustained uptrend.
The buoyancy in the PSU sector adds a favorable backdrop for PNB's growth potential. Investors may find the stock an attractive proposition as it aligns with the broader strength observed in the PSU segment.
As always, market conditions can change, and it's crucial for investors to stay informed, conduct thorough research, and be mindful of potential risks. Monitoring the performance of PNB within the context of the PSU sector can provide valuable insights for those considering or currently holding positions in the stock.
PNB is forming C&H formationHi Traders,
PNB is forming a bullish Cup and Handle pattern on 15 min time frame. The immediate target would be around Rs 100 with a stop loss of Rs. 96.85. It can be traded in intraday or option segment.
Please analyze yourself before relying on analysis. The analysis is purely based on individual opinion and undersigned has no responsibility for the same.
Amazing breakout on Weekly / Daily Timeframe - PNBCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN DAILY TIMEFRAME.