Punjab National Bank completes a long-term Cup & Handle pattern. Making it bullish on the technical charts. We expect a target of up to INR 170 from current levels. Time Horizon 9-12 months.
PNB - 1. Breakout on monthly basis 2. EMA 5 cross over 20 on monthly basis. Long after 4 years 3. Range consolidation breakout 4. Volume supportive trend. 5. Fundamentally cheaper in the sector.
PNB canbuy with minimum stoploss.. very favourable target and sl..also risk reward is matching..it may touch its target of 50-60-70 maximum in next 6 month..go greeen keep hunting and keep learning stay connected and stay tunned... TBB - TRADE BULLS & BEARS LEARN ONCE EARN FOREVER
Outside Inside of Bollinger Band with 2nd Hummer Trade. Buy @ Stop Loss @ Terget @
PNB - BUY & HOLD Strong MACD uptrend Good support @ 43 & 39 Targets - 50 -55 short term Above the 50 Day Moving Average Alert: RSI - oversold 79 - You might see a slight fall but HOLD and Buy on Dips Happy trading - Do like & Follow Follow me on Twitter @ArunSamant6 for more info & Do let me know incase you want me to post about any particular stock
Punjab National Bank (PNB) has been in a downtrend for over a decade. With 5 downside waves being completed and the Public sector slowly getting some momentum I think its time for PNB to shine. Short term trade - Buy above 46.50 with a SL of 42.5 for targets of 54-56 2nd target of 65 Long term trade (investment) - Buy above 47 for minimum targets of 100 to 227 or...
NSE:PNB Reason Being : 1. Bullish RSI Divergence 2. Higher High Pattern Formation 3. Long term Parallel Channel breakout 4. Rising RSI 5. Double Bottom Formation #A potential Multibagger Stock View Negated Below: 31.4 in closing Basis #Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor...
PNB @ 36.25 target 40 SL 35.2.2 demand zone in PNB at 36.25 NSE:PNB
Short term buy on Punjab national bank
Refer to chart for more details. PNB forming the head and shoulder pattern, on the otherhand has kept the support line accelerated. Breakout with strong momentum on both side may lead to a market move, but direction is highly unpredictable. Please keep these support and resistane levels handy. Trading is subject to market risk. Step as per your risk appetite...
The stock analysis was carried out on Feb 9 in response to a question asked on a social media platform and thereafter it has rallied. Read the reasons behind the pick below. PNB shares appear to be the better option amongst PSU Banks. Reasons supporting the pick: 1. Second largest PSU Bank in terms of market capitalisation. 2. PNB’s merger with United Bank of...
Considering PSU banking sector breakout. Please do check 10 years profits (if there are any) to PSU banks before investing in them. Decide capital allocation accordingly. :) Punjab National Bank
NSE:PNB is struggling at the supply zone. One may go short if the trendline breaks.
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...
Whether the perpetrator of fraud is coming back or not, you can have your share back from PNB ( Punjab National Bank ). Finally after putting a base near Rs 70, it is turning a corner. I have accumulated between 70 - 90 range during the downfall and now looking forward to reap the rewards. Hopefully, election optimism rally in Indian stocks along will push the...
#pnb forming double bottom at base support with a break above the trendline. Long trade can be considered if the double bottom is confirmed i.e break above 95 resistance level.
a nice symmetrical ABCD pattern is forming on PNB daily chart which also lines up with .886 retracement of the bigger down swing.
a bearish crab pattern seems to be forming on PNB 1H TF. this pattern also aligns with a butterfly pattern forming on PNB daily chart. looks like a very promising setup...