1. 406 days rounding bottom
2. 291 depth of cup
3. 6 weeks handle with 15 % retracement
4. volume build up during upmove to resistance beyond that they dried up in retracement
trade
positions can be build in stages
1. break and close above 603
2. if and when volatility squeezes
3. view negates below handle
target
ATH
PNB Housing Monthly Analysis
PNB Housing Monthly Investment Analysis Based On Technical Analysis and Completely Based On My Knowledge and It's My Personal View
As Per the Analysis for PNB Housing For Monthly Chart, I am expecting that PNB Housing Share is on very important levels as per monthly charts, 500-620 is a level where it will trade as zero line zone...
PNBHOUSING on Breakout and with good volume; above 602.5 on Friday 17th Feb for Intraday gains
-------------------------------------------------------------
INTRADAY Trading Strategy based on 3 stages of a breakout:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders"...
PNBHOUSING:- The stock has also given a breakout by forming a rounding bottom pattern, the volumes are also being seen well. keep on radar
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow...
PNB housing has given a bullish flag breakout but is yet to give closing above the immediate resistance level. The stock is standing strong in the volatile market.
The stock is testing it's 6 year old trendline and can give good positional returns. Good volumes have been there lately.
Buy above 595 level (607 safest) for positional targets of 680 and 780.
Learn & earn,
Dr. Tanya Kumar
After a rounding bottom breakout from 465-70 levels, it has tested 533-40 range and even done multiple retests.
Targets of 533-550-585 on daily charts and even higher targets of 585- 640- 695 possible after breakout from 585 levels.
SL can be around 460 for now but use trailing SL for positional trades.
Stock Name - Mold-tek Technologies Limited
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 145
#This is not Buy and Sell recommendation to any one. This is for...
Stock Name - Pnb Housing Finance Limited
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 543
#This is not Buy and Sell recommendation to any one. This is for...
NSE:PNBHOUSING
This counter has given a pullback after a breakout from an ascending triangle / vcp pattern.
Pullback was on low volumes, and now it has bounced so far from the breakout level.
A long trade looks good here with an SL below the breakout candle low and a target of 545 as per the price pattern giving a R:R of 1:1.6.
Keep track!
PNB Housing has broken out of a resistance zone as well as a wedge
Test of the breakout✅
With an SL of 435 in CLBS and one can expect targets upto 700, beyond which we have a multiyear #breakout
Use trailing SL in this
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
235 233 184 170 238 263
2Quater equal =500+
Highest ever yearly profit was 1081
so its highly undervalued.
mini. target 585
Stock is trading at 0.78 times its book value
PNB Housing Finance Ltd.
C&H Formation: Weekly Basis
Price BreakOut
Vol. Consolidation & Further BuiltUp
Asc. Triangle Formation: Monthly Basis
Trail Stop Loss with Price Upside!!!
Do Your Own Research as well.
Happy Investing:)
Cup and handle pattern breakout and also ascending triangle breakout! Buy at 475 for a target of 580 around and keep a stop loss of 418. A 1:2 risk reward ratio. Do FOLLOW for more ideas!
