Simple price action... entry when swing high break... SL is swinSimple price action... entry when swing high break... SL is swing low.. Target 1:1, 1:2, 1:3
PNB trade ideas
PNB14/01/2023
PNB on monthly chart
If BO above 100
Target will be 20-30%
SL: 3% after BO
Information is only for study purpose
PNB - A Star Performer of PSU Banking Sector.NSE:PNB
PNB - CMP 130
PNB has recently given a Pole & Flag continuation pattern breakout with volume on a daily timeframe also a Weekly strong closing along with sectorial strength.
Now, PNB is sustaining it's breakout. If PNB continues to trade above 125 level then expecting it to go to 140-152-165 levels respectively which is almost 25% upside from CMP.
Note : Not a recommendation, It's just a personal view. DYOR & Trade.
PNB a Simple Analysis - BullishIn the past, the price of NSE:PNB was in a downtrend.
After a significant fall, NSE:PNB was able to create an accumulation, and a breakout of it is also visible on this chart.
So, it is understood that it has changed its Trend for now and it should go up beyond 125.
If 125 is achieved, then thereafter this stock will make an All-Time High.
PNBPNB is ready to fly. This time it is coming out of resistance zone. It can reach 150-200 in short time. Results are also improving qoq. Stock is all set to go higher in coming days.
PNBPNB Chart Analysis 29/01/2024
The Elliott Impulse Wave 12345 has been completed on the PNB Daily chart, now a corrective wave ABC or other correction wave pattern can be formed from here.
If you are long side then hold the position here with tight stop-loss.
Enjoy !
BIG UPMOVE EXPECTED IN PNBPrice action indicate PNB is going to outperform. This movement will not happened like earlier. Feb movement expected to be very fast.
Flag Pattern Breakout in PNB bankPNB showed Flag pattern breakout and know it going Up after retest. Can go for long with strict Stoploss and Target. Can show 🚀 near terms.
PNB is looking good on chartif break past swing high can give 🚀. As it has also published robust Quarterly results. Go for long with strict Stoploss and Target.
PNB bank short term view for trade As per demand Supply theory price is approaching towards a good demand zone..
PNB is Looking StrongPNB is looking very strong. Once its closes above 107 look for the long opportunity in this stock for a target of 170. There is no good SZ above 107 untill 170. Buy on every DIP is recommended.
This type of stocks have enough sky to fly over their headYears and years down trend. Now they are successfully change their trend down to up with the hues volumes. This is a good time to enter this type of share for touch the roof which is very far
PNB Ready for 60% UpsidePNB is giving multi year Breakout and may be give 60% Upside move untill it's next Rejection which is 162
PNB trade plan for 1:4.5+ RR trade set up1. Trend - Bullish
2. PSU sector bullish
3. Fresh Breakout - Possible
4. Pattern: Big rounding bottom
PNB Bank: Major Support Zone Indicates Potential ReversalThe price of PNB Bank seems to be at a critical juncture, hovering around a major support level. This support zone has historically played a crucial role in influencing price movements. Traders are closely watching for a potential reversal from this key level.
**Entry Target:**
Consider entering a long position if the price convincingly bounces off the support zone. A break above a specific resistance level or a bullish candlestick pattern confirmation could serve as an entry trigger.
**Stop Loss:**
To manage risk, set a stop loss just below the identified support level. This will act as a safety net in case the price experiences a decisive break below the support, signaling a potential trend continuation.
**Note:**
Trading always involves risks, and it's essential to conduct thorough analysis and risk management. It's advisable to monitor the market closely and adjust your strategy based on real-time price action.
Remember to stay updated with market developments and news that might impact PNB Bank's performance. Happy trading!
Punjab National Bank Breakout Above 100PNB bank is attempting a breakout at 100 level.
Pnb is attempting multi-year breakout
Re-Test level 88
Stock Update $NSE:PNBDear Followers,
I hope this message finds you well. I wanted to provide you with a brief update on the stock NSE:PNB I have been monitoring.
It appears that the stock is approaching a potential resistance level Near 92.50-93 This is an important technical point where the price has historically had difficulty breaking through. It suggests that we may see a temporary halt in the current upward momentum and Possibly it will test 82-81 In Downzone.
Resistance Levels to Watch out.
Resistance levels are the opposite, representing prices at which a stock has historically struggled to move above. These levels can signal a selling interest. Understanding resistance points is crucial for anticipating potential obstacles in the upward movement of a stock.
R1= 93
R2= 95.50
R3= 98.30
Support Levels To Watchout.
Support levels represent prices at which a stock has historically had difficulty falling below. These levels often indicate a strong buying interest. It's important to monitor these levels, as a breach might suggest a potential downward trend.
S1= 87
S2= 84.30
S3= 80.50
As always, please remember that investing involves risks, and it's important to carefully consider your options. If you have any questions or would like to discuss this further, please don't hesitate to reach out.
Best regards,
Prachi M
Punjab Bank Swing TradePnb is currently at 91
Scalp Swing Trade Target 97 -100
100 Is Upper circuit And if if Crosses 100 then 110 Is main Target
PNBPNB - 79-80.50
Huge volume seen on daily charts . IF THIS TIME BREAK OUT HAPPENS WE CAN SEE 95 LEVELS
