PNB - bad days over ??applied a modified Pitchfork on daily chart of PNB.. prices seems to be breaking out from the upper end of the Pitchfork with some reasonable good volumes.
potential target ard 105-107.
PNB trade ideas
PNBShort for a target of 82, stop loss 96. Price behavior similar to what was observed in the 2015 fall.
PNB, ConsolidationPrice Consolidation following a big move is an essential part of a stock chart. After the debacle price is consolidating in a narrow range. At present price is at the lower end of the range which is crucial for moving on either of the sides. One will not be surprised if there is a breakout on the downside.
PNB Long @ 175-180 ZoneIt's a good fundamental trade, everyone being about the PSB Bank sector theme ! Giving good opportunity to enter it and hold for new highs in it.
PNB Failed to retrace 50% levelsPNB tried to re-bounce at 50 % crucial retracement level but made lower lows and highs. Now 50% retracement level acting as resistance.
PNB Theta DecaySNR Decay trade
PNB is trading at 144
PNB 135 PE @ 0.95
PNB 150 CE @ 2.0
Initial credit 2.95
Breakeven 132.05 and 152.95
HNS Breakdown in PNB on weekly chartHeight of shoulder = 22
Height of head = 36
Traget 1 = 138-22 = 116
Target 2 = 138-36 = 102
SL: Exit when price moves above neckline - 138
Punjab National BankBuy @ 150
Stoploss :- 145
Target 156-157
(short-term)
Long term trend negative because of RSI.
Bearish ABCD on Punjab National Bank Dailya nice symmetrical ABCD pattern is forming on PNB daily chart which also lines up with .886 retracement of the bigger down swing.
Bearish Crab forming on Punjab National Bank 1H TF.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...
Bearish Bat on Punjab National Bank completed !!!A bearish bat completed on the PNB 30 min TF. waiting for a short entry signal now !!
Butterfly forming on Punjab National Bank ?Looks likes a butterly is setting up on the Punjab National Bank Daily chart.... what say ?
Cup & Handle Breakout - A Potential Long SetupHi,
Here is a nice long setup on Punjab National Bank.
Trade levels shown on chart - feel free to refer it.
Setup posses a potential Risk/Reward = 2.9 ( almost 3X)
Trade with Care
Gulz
