PNB is making Pennant Pattern, both rising support and falling resistance are squeezing the price.
This analysis is purely based on price action and Chart Patterns. The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days. Trade logic with SL and Target is explained in image itself. Don't chase the price. Always plan your trade & trade your plan Keep trailing SL accordingly once entered into the trade. This analysis...
PNB is looking very Bullish, Closing above 200 EMA, Retraced 50% from the bottom as per Fibonacci Levels with Huge volumes. Good Positional Trade. Target 1 - 38.35 Target 2 - 41.35. If sustains above these levels hold for 45 and 50 levels.
PNB CMP 32.4 - PNB consolidated well between 26.5 to 28.5. Subsequently it broke out from these levels to reach a high of 42.65 on 9.12.20 subsequently it corrected and consolidated around 61.8% Fibonacci retracement level. It started its upward move since yesterday. Upward move is confirmed in hourly charts. RSI also started its upward reversal and MACD signal...
Please stay cautious from retests the price may come down to restest the levels and can resume going up after that so don't buy blindly if the market stays positive then only go long
PNB crossed 20 and 50 DMA with good volumes. CMP 29.55 and shall go to 31, 34.
Targets 27/27.5 Disclaimer : Please trade with your own and comfortable views. I just share my view.
Resistance 1 : 29.50 Resistance 2 : 30.45 Support 1 : 27.60 Support 2 : 26.20 It is best time to buy... * Disclaimer : I just shared my view. Please trade with you own and comfortable views.
Hello, Pattern : Bearish Shark Stock : NSE:PNB Time Frame : 5 Hour TF. Note : This chart is only for study and reference purpose.
NSE:PNB is struggling at the supply zone. One may go short if the trendline breaks.
NIFTY PSU BANK HAS GIVEN A FLAG BREAKOUT STOCK LIKE SBIN , PNB AND BANK OF BARODA CAN RALLY HIGHER
Observations : Ralied from 31 levels to 35 levels in anticipation of results... Technically 37 will act as a strong resistance... Breakout above 37 new trading range.. Sustaining below 33.60 rally fizzles out...... Time Frame : 10-15 tradig sessions...
PNB formed head and shoulders pattern of 15 Timeframe. Target defiend on chart.
PNB - NO BUY ABOVE 50. BUY @ 50 WITH A SL OF 46 AND A TARGET OF 64. RR FOR THIS TRADE IS 1:4. TRADE SHOULD NOT BE TAKEN ABOVE 50 ALL PSU BANKS SEEM TO BE NEARING THE END OF DOWNMOVE AT LEAST TEMPORARILY
Punjab national bank maintaining the wedge pattern, expected to rise till resistance is met. Good time to go long on the stock.