Pnb housing above 1000 what to do ???If it sustain above level of 1000 we can easily see 1040++ 1100++ 1200++++ and so on very strong fundamental maintain sl around 940-950 levels
PNBHOUSING trade ideas
Base formation in PNB HOusing around 920-941 levels ??A long trade can be initiated in PNB Housing around 920-940 levels with sl around 890-900 levels for targets of 970++ 988+++ 1020+++ and so on
7-year breakout retestPnb Housing Finance: Q2 Cons Net Profit 4.7b Rupees Vs 3.83b (yoy); 4.32b (qoq) || Q2 Revenue 18.8b Rupees Vs 17.78b (yoy)
PnbHousing Finance: Q2 Gnpa 1.24% Vs 1.35% (qoq) || Q2 Nnpa 0.84% Vs 0.86% (qoq)
7-year breakout retest appears to be successful. Phenomenal results were posted today. Expecting a solid re-rating. Hold for wealth creation. This has now become a core portfolio stock.
Breakout retest.The stock has successfully retested the breakout zone on Friday and today. The trading volume is relatively low, presenting a favorable buying opportunity with limited risk. The stop loss will be set at the blue bar. The breakout zone is between 903.25 and 913.70.
long trade on pnb housing at 1000 levels PNB housing can be taken for tha target of 1050++ 1085++ 1145++ 1212++ levels with strict sl aroun 980 975 levels
Falling trendline breakoutBreakout is supported by high delivery volumes in the last few trading sessions. It will retest the recent high of 1200. This presents a good opportunity to buy.
PNB Housing finance. cmp - 990PNB Housing finance.
If you can hold with todays low.
Buy opprtunity. All time high coming soon..
Cmp. 990.
Stoploss 970.
This is bit early timing trade..
But unmatchable reward.
Thank me later.
pnb housing looks good at 1022PNB housing can be bought at levels of 1022 with strict SL of 998-1000 with near term target of 1050++ 1078 ++ 1200 ++ Sl should be strict and maintained in every trade.
What happened here?The stock corrected almost 15% in 2 days. A sharp fall after facing resistance at the 1182 level, which is a 6-year resistance. We will now only follow this 4H TF chart. Support was taken exactly from the 1015 zone. The stock will consolidate here. EMAs will catch up. The 1400 zone will be the next resistance.
PNB HOUSING FINANCE LTD (PNBHOUSING)PNB HOUSING FINANCE LTD has successfully broken out of a cup and handle pattern, suggesting a potential uptrend.
The increasing volume and RSI above 50 confirm the bullish sentiment.
RSI: The RSI is currently above 50, indicating a bullish trend.
MACD: The MACD line is above the signal line, indicating a bullish trend.
Moving Averages: 50-day moving average is also approaching the price from below, which could provide additional support.
Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
Updated Chart!Institutions increased their holdings @1097. MS has upgraded the target price to 1500. The chart looks absolutely beautiful and clean. Heavy volumes accompany each upward movement, followed by very low volume consolidation. The stock is moving at a very good pace. The valuations are very cheap even after around a 45% upmove. Bajaj IPO valuations after listing will be hard to justify. Instead of chasing luck, people who bought with me are enjoying huge profits and will enjoy more than Bajaj in the near future. Smart money has entered in huge chunks. Expecting a new all-time high very, very soon. A W pattern has formed on the monthly chart. Monthly volumes are breaking all records. My long-term target price is above 3k. Hold for huge wealth creation.
Massive re-ratingThis is what happens when smart money enters in very large amounts. Also, the hype surrounding the Bajaj Housing Finance IPO is the reason for its listing around a PE of 50. The chart is incredible, with the pink channel as your support and stop loss. Volumes during the entire rally have been amazing. This rally might continue till the 1400 zone, which is the previous all-time high. Do not forget that the stock has given a 7-year breakout on a monthly chart with the second-highest monthly volumes after the listing month, which is incredible.
PNB HOUSING FINANCE FORMING ROUNDING BOTTOMThe stock has been forming an beautiful rounding bottom pattern on the weekly timeframe , the stock has good momentum as well as volumes supported by absolutely stunning fundamentals and brand value
The company is the third largest Housing finance co in india with AUM of 71200 cr profIts and sales both are highestever, industry PE is at 23 while company's PE is mere 16 , DIIs have increased their holding to 10% from 3%, Gross NPA which was 6% in 2021 is 1.5% currently
TARGET 1 - 1164 SHORTERM
TARGET 2 - 1378
TARGET 3 - 2591 LONGTERM
PNB Housing Finance Rounding BottomIt making a rounding bottom pattern with huge volumes. Momentum is very high as RSI > 60, It can move upto 1413 with a support of 900 and then furthur can move upto 2771
PNb housing PNB Housing Finance appears to be in a strong bullish phase, with the potential to continue higher if it breaks the ₹1,040 resistance level. However, if the price retraces, the ₹960 level could act as a key support.
PNBHOUSING -Cup and Handle -BO with Volume- WklyPNBHOUSING
Name - PNBHOUSING
Pattern - Cup and Handle
Timeframe - Wkly
Status - Breakout with volume
Cmp - 977
Target - 1711
SL - 916 or breakout Candle low -850
Pattern: Cup and Handle
The Cup and Handle pattern is a bullish continuation pattern
Fundamentals: Good
Here are some key fundamental ratios and metrics for PNB Housing Finance Ltd.:
Market Cap: ₹22,426 Cr
Current Price: ₹724.00
Price-to-Earnings (P/E) Ratio: 14.12
Price-to-Book (P/B) Ratio: 1.58
Return on Equity (ROE): 11.19%
Net Profit Margin: 18.49%
Debt-to-Equity Ratio: 3.44
PNB Housing Finance has shown a solid ROE and net profit margin, but its high debt-to-equity ratio indicates a significant level of leverage.
Gargantuan breakout!!This is such a beautiful monthly chart. There have been insane volumes this month. There has been excellent buying by institutions. It is one of the cheapest housing finance stocks in the market. There are strong sentiments with a turnaround story. Patience has been rewarded; now, people who bought with me should hold this gem for the coming quarters. We are in for a long, long ride.
PNB housing Cmp 830 Cup & Handle, Rectangle BOPNB housing Cmp 830 dated 14-8-2024
1. Cup & Handle formation In process
2. Rectangle Consolidation BO @ 850
Buy above 850 target 900-950-1000 SL 770
Pattern C&P target 1250 SL 700
It is just a view, please trade at your own risk.
PNB Housing Finance Ltd. – Breakout from ConsolidationPNB Housing Finance Ltd . has shown a strong breakout from a consolidation phase, currently trading at ₹914.60, up by 3.84% for the day. The stock is poised for further bullish momentum, having broken through key resistance levels.
Technical Indicators:
Break of Structure (BOS) : The stock recently broke a significant structural resistance level, indicating a potential shift in market sentiment. The BOS suggests that the previous downtrend is reversing into an uptrend, which could lead to further price increases.
Cup and Handle Formation: A classic Cup and Handle pattern is also visible on the chart, typically signaling a bullish continuation. The handle appears to be forming above the trendline, further reinforcing the bullish bias.
Weak High & Breakout Potentia : The price has broken above a weak high, which acted as a previous resistance point. This breakout could trigger additional buying interest as traders anticipate higher price targets.
Change of Character (CHoCH) : The presence of CHoCH indicates that the market structure has changed, confirming the bullish reversal. This is a key sign that the stock could be entering a new phase of upward momentum.
Volume Analysis : The breakout is supported by an increase in volume, suggesting strong buying interest. Higher volume during a breakout often confirms the strength of the move.
Key Levels:
Support: The breakout level around ₹850 will likely act as a strong support in the near term. As long as the price remains above this level, the bullish momentum could continue.
Resistance: The stock faces potential resistance near the psychological ₹1,000 mark. This round number could act as a barrier, and traders should watch for any signs of hesitation as the price approaches this level.
Conclusion NSE:PNBHOUSING : PNB Housing Finance Ltd. has displayed strong bullish signals, breaking out of a consolidation phase and forming a classic cup and handle pattern. The recent BOS and CHoCH confirm the reversal, and increasing volume adds confidence to the move. Traders should keep an eye on the resistance level near ₹1,000 and monitor for any potential pullbacks.
Disclaimer: This is for analysis for educational purposes only, not financial advice. Always do your own research before making any investment decisions.
PNBHOUSINGPNBHOUSING is forming triangle pattern on hourly chart. it may give quick move in coming days.
4 digit coming.
PNB Housing - At Crucial LevelsPNB Housing
Near Crucial breakout level, rejections earlier
Closing above 915 is crucial for further upmove
PNB HOUSING ABCD PATTERN AND CONSOLIDATION BREAKOUTPNB HOUSING is an interesting chart with following
1. RSI Above 60 on daily, Weekly and Monthly charts
2. ABCD pattern under formation on weekly chart
3. Major Price support on 745-790 zone being 20 Week, 20 Day, 50 Day and 200 day Moving Averages
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
