PNB trade ideas
PNBWe can see a up move in PNB. Stock is supporting 20 EMA and there is good volume on trendline breaking candle
#PNB ready for BlastAs already said in psu bank analysis, all psu banks will post good results in this qtr, this stock again near to BO zone forming round bottom pattern with good volume build up, follow chart for proper support and resistance levels.
PNBPNB
BUY : 50
TARGET : 55
DISCLAIMER - We are not a SEBI Registered Advisors. This channel is purely for Educational purposes only. We will not be responsible for your profit and loss.
PUNJAB NATIONAL BANK SWING TRADE. If PNB pass this breakout then a nice 1:6 risk reward ratio trade can be executed. Only if price crosses the high of this swing i:e 49.10 level.
PNB--Intraday-Setup--31/03/2023PNB--Hourly chart --intraday setup --31/03/2023
TECHNICAL OBSERVATIONS .
1. Hourly chart trendline breakout seen
2. Hourly resistance breakout level seen
3. Above 24,35,200 HMA on hourly chart
4. CCI , EMA Cross bullish zone
5. ENTRY above 46.50 INTRADAY target 47-48 + Stop loss 45
6. Pullback of nifty and bank nifty at hourly chart .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk
HAPPY TRADING . 11
DOUBLE TOP BREAKDOWN STOCK PNBStock is not sustain on higher level
Double Top formation is created now.
Expecting more downside from this level
DOUBLE TOP BREAKDOWN STOCKWe are expecting some more downside in this chart
Reason double top formation creation and trend also change in pattern.
PNB ---MULTIBAGGER 2023 PNB --Monthly Chart setup -- Potential multibagger 2023
1. Monthly trendline breakout, lower channel breakout seen on chart last Monthly candle .
2. Monthly resistance breakout above 48 level on current month candle .
3. ROUNDED BOTTOM chart pattern formation seen after double bottom .
4. RSI ABove 60, above wma bullish techncial indicators.
5. Upside potiential 50-80% From current level in 1 year timeframe
6. ENTRY 55-58 TARGET --60-80-100 stop loss bellow support level 40 which is previous month candle low.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ... Trade at own risk !1
HAPPY TRADING. !!! HAPPY NEW YEAR !!!
Short term investment idea - PNBThis is one of the best PSU bank right now. Amount recovered from bad debt are its profit.
PSU Bank# PNB Bank after a continous fall has consolidated for nearly 02 years.
# Stock has formed a double bottom pattern on the monthly chart.
# Does not good on fundamental. But certainly there is an improvement.
# CMP- 54, Immediate resistance is at around 66-68 and support at 26.
PNB: Getting supportPNB is at the exact support level, is getting support.
Now the beauty is: the RSI is also exactly matching the price behavior (the uptrendline).
Trade:
BUY above 60, SL: 58, T: 61.5/63
SELL below 58, SL: 60, T: 56.50/54
PNB atlast near to its bottomDO PNB DESERVE A PLACE IN PORTFOLIO?
As everyone is mad with the behaviour of PNB, and with all the projections of it becoming zero, I feel it's my responsibility to add my bits. well PNB is not a stock for weak hearts to stick onto. It has underperformed our banking cycle. with all the boom and busts in the economy, PNB has resulted in losing its market cap. Can it stop falling more? the point is it may or may not. But we are not operators with huge amount to manage our positions. As a retailer what we can do is we can minimise our risk with risk to reward. So where do PNB stand today, on long term price behaviour I feel it is in wave 5,which resulted in sideways movement. on daily time frame it is making an Ending diagonal (Elliott wave pattern). As of today I believe last leg of fall remaining (which will take it to 27.80,Monthly strong demand zone and 8/1 of dynamic square), or bottom is done (meaning subwave 1 is complete) Possibility wise PNB is approaching its 144th monthly fibonacci bar, and as we all know 144th cycle is favourite of legendary WD GANN, so something exciting is waiting for PNB investors. apart from this pnb will also be facing its yearly pivot in 2023 (21 years) and quarterly reversal zone in 01 june 2024. On the other hand PNB doesn't have any meaningful resistance (Untested Supply zone) till 62. So the risk to reward ratio is good and for long term there is a possibility that it may touch triple-digit soon.
IM NOT A SEBI REGISTERED ADVISOR, I SHARE WHAT I SEE. SO risk v apna apna aur ishq bhi APNA. Stay safe and happy investing
Punjab National Bank (PNB).Punjab National Bank (PNB).
PNB is trading at a important level. If price sustains above 48.5, we may see more upside in PNB Stock.
Targets are 59/64.
PNB LONGweekly chart :
entry point: 55-57
stop loss : 45
target: 91
risk-reward ratio : 1:3
Disclaimer: All information is for educational purpose only.
Kindly like or dislike the idea as per you view.
PNB Bank Breakout Soon!PNB Share soon taking a Breakout because its bottom trendline is very strong.
if you see it takes the support on Trendline then there is an opportunity of buying
Let's wait and watch!!!
PNB - DAY CHART - 01.12.2022 - BAHAVAN CAPITALPUNJAB NATIONAL BANK as Per Day Chart Analysis Stock ABOVE 56 TARGET 58 / 60 / 62 / 64 / 66.
Happy Profitable Trading to All...
AS A ROOKIE I WANT U ALL TO HELP ME (BULLISH PEANENT)i think it will make a pattern of bullish pennant in smaller time frame and it will go up with the trend as i can see the pattern .
I want u all to help me, and confirm if my idea is correct or not .
Your help will give me confidence
PNB is a buy at these levelsEntry - 45.80
Entry reason - Triangle breakout
SL - Close below previous low of 44.30
Target - first target -> 48.80, then can trail
PNB - Double Bottom breakout - 40% upside potentialPSU Bank as a sector is outperforming since few weeks now.
PnB has given double bottom breakout at 45-48 levels.
Target is coming to 65-68 levels.
SL: Daily candle close below 45.
Target timeframe: 2 to 6 months.
