DO 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...
weekly 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 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!!!
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
PSU 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.
THIS IS THE CHART OF #PNB PUNJAB NATIONAL BANK ON 1WEEK TIME FRAME. XABCD HARMONIC PATTERN ACTIVATED ON 1WEEK TIME FRAME , #PNB BREAKS THE VERY STRONG SUPPORT OF 48 RUPEES ON WEEKLY BASIS. NOW WE SHOULD TAKE THE ENTRY ON THE CONFORMATION OF 200EMA BREAKOUT FOR THE UPPER TARGET'S. All the information shared in this chart is provided for strictly educational...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking profit for 1% - 2%
For long-term trades look out for resistance drawn above closing
Punjab National Bank ltd.
ABOUT
Punjab National Bank is India's first Swadeshi Bank. PNB is a Banking and Financial service bank owned by the Government of India with its headquarters in New Delhi, India. It is the Third largest PSU after IOB in India.
Branch Network
Presently, the bank operates 10,925 branches and ~14,000 ATMs across India. The majority of its...
PNB Daily had done trendline breakout previously, now it has done breakout of selling zone, good to buy at 49 for target of 69,99 and 230.
With SL below 43
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 47
#This is not Buy and Sell recommendation to any one. This is for education...
