PNB trade ideas
PNB PUNJAB NATIONAL BANK 1WTHIS 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 purposes only. This chart is sharing information are based on the theory of technical analysis . This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial adviser and use proper risk management.
Punjab National BankPunjab 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 branches are located in North India with ~1,100 branches located in Punjab Alone. Its branch network increased from 7,041 branches to ~11,000 branches post the merger with OBC and United Bank of India.
Customer Base
The bank has a base of more than 18 crore customers post the merger.
Loan Book
Presently, corporate advances account for 48% of the loan book, followed by retail (18%), MSME (18%), and Agriculture (16%).
Retail Book
Housing loans account for 64% of the total retail book, followed by a mortgage (10%), Personal (7%), vehicle (7%), education (6%), and others (6%).
Industrial Exposure
The bank's corporate loan book has exposure to many industries. Industries with top exposure include energy (22%), roads & ports (15%), basic metals (15%), telecom (9%), textiles (6%), chemicals (5%), and others.
International Business
At present Bank has an overseas presence in 6 Countries by way of 2 branches(1 in Hong Kong and 1 in Dubai), 2 Subsidiaries (London and Bhutan), 1 Associate (Kazakhstan), and 1 Joint Venture( Nepal). Presently, overseas businesses account for 2.6% of the total business of the bank.
In Sept. 2020, The financial regulator of Kazakhstan revoked the license of JSC Tengri Bank for failure to meet prudential standards and other mandatory norms. PNB holds 42.64% stake in JSC Tengri Bank.
Industrial NPAs
The bank has ~44,000 crores worth of NPA from its industrial advances. It translates to a GNPA ratio of 22%. The majority of NPAs are from the energy and telecom sector wherein 26% and 29% of total advances are NPAs.
TECHNICAL ANALYSIS.
Time Frame - 1D.
1. Stock closes on its previous high of Oct 2021.
2. Very aggressive FUT OI on the long side.
3. Call writers are trapped from 41 to 49 strike price. (expiry tomorrow)
FUNDAMENTAL ANALYSIS.
Sector: Banks - Public Sector
1. MARKET CAP - ₹ 55,498 Cr.
2. Capital Adequacy Ratio - 13.88%
3. Net Interest Margin - 3.09%
4. Gross NPA - 12.99%
5. Net NPA - 4.03%
6. CASA Ratio - 44.66%
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
#education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #alligator #education #investing #investments #financialmarkets #learningeveryday #learning #banking #financialservices #bank #stock #pnb #psu
PNB - Ichimoku Bullish Breakout 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 purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
PUNJAB NATIONAL BANK (MULTIPLE SUPPORTS)#Stock : #PNB #Diwali Pick No 1
#Chart Time Frame: #WEEKLY
#Structure : #Multiple Supports / #Range Bound
On All Time Frame (D/W/M) the Stock is making a good base at the bottom and has made a good #Multiple #Supports with highest ever #Volumes in its history which shows that good #buying or #accumulation is going on and it will also be a good opportunity to add on every dip up to 35 - 33 and after #Breakout above 48.20 can be added more
So as per the Chart Stock looks Good for Long Position for Medium to Long Term as per the Levels given below:
CMP - 43.30 or BoD 35
Target 1 - 67
Target 2 - 83
Target 3 - 99 / 107
SL - 26.30
Holding Time Frame - Medium to Long Term (#Long Term View is for 3 to 5 years which can give returns in a #Multiple times)
All charts posted here are only for EDUCATIONAL PURPOSE