PNBPNB cmp 53
Looks good for 70
Gann Levels marked on chart for further upmove.
Pure Positional/Investing.
PNB trade ideas
Punjab National Bank*Punjab National Bank*
Inverse H&S Pattern: Weekly Basis
Strong Price & Vol. BreakOut / BuiltUp
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Snapshot*
Leading Indian PSB with 10,264 branches / 13,400 ATMs.
NII grew 9.6% QoQ to 8,271cr in Q2FY23 (up 30% YoY), with increase in yield on Advances, Funds & Investments. NIM expanded 20bps QoQ to 3.1%. PAT was up 33.3% QoQ, but slumped 62.8% YoY owing to higher provisioning.
GNPA/NNPA ratio stood at 10.5%/3.8% (vs. 11.3%/4.3% in Q1FY23)
PCR improved 100bps QoQ to 84.0%. Slippage ratio down 40bps QoQ to 3.3%, Credit costs down 70bps QoQ to 1.8%. CAR was 14.7% / Tier-I ratio was 12.2%.
*Concern:*
NPA levels still very high vs. Peers. High provisioning & Weak ROE.
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
PNB Weekly chart PNB gives breakout from the strong resistance zone Will enter when it gives retracement next target will be 55
Break out on the verge So this PSU bank is finally on the move after so long time, Good if it stays above the shaded area.
PUNJAB NATIONAL BANK PNB Long call. SL 39 CMP 47 Target 61/66/72PNB -
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.
Punjab National BankPunjab bank makes all time low at 26 which is now strong support then makes bottom on this level and start gaining now resistance zone is previous swing high which is at 48 level
PNB FINALLY AT BUY SIDEPNB 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
Broadening Wedges Ascending in PNBThere may be a downside of around 15% in PNB
A Broadening Wedges Ascending pattern is forming right now
PNB - All limits crossed, no hope to bounce back soonAlas, Global weakness affecting indian markets
Small investors stay away from market currently, strong entry point will be notified when possible
PNB Alert - Avoid Selling this quality stockLevel of Rs 44 in upcoming 3 trading sessions
Strongly Standing on double technical Support & strong fundamentals i dont need to mention
First Support at its Bullish trendline & second strongest 200DEMA Support which impossible to be broken for the stock with such strong fundamentals reasons as follows
1. PNB approving loans to farmers(country's backbone) on which it will earn phenomenal interest amount
2. Financial year 2021-22 india received total of 83 billion US dollar of FDI Which is going to be 100 billion US Dollar in upcoming year 2022-23 declared by indian government
3. PM Narendra Modi Launching 5G - Good for overall markets.
There are many more reasons for Indian markets to move upside so stop overthinking of negatives...
stay invested PNB soon touching its First TARGET of 54 RS
PNB What a strong support Pattern Even after witnessing huge Market Crash Punjab National Bank strongly held its roots,
History of chart pattern clearly indicates that whenever the stock price touches the 200DEMA(Red line in chart above) the stock price Bounce upside with very strong volumes in upcoming sessions so this correction is seen as an healthy sign in journey of this National Bank towards Target of Rs 54 in medium to short term & Rs 81 in long term which are very easily achievable by this undervalued PSU Bank
Happy investing...
PNB Alert Good Dip to buy more TRGT-@45PNB Good time to accumulate more quantity of PNB
Good upside movement will be seen in stock in upcoming 2-3 sessions
Achievable Target of rs 45
PNB Alert false breakout Sell @41False breakout without volumes
Operator trap
Dont buy at this crucial levels
PNB Target @41 achieved book partiallyRSI Kissing 80 on Dailly chart for today
Book partial profits today & wait to accumulate more on dips aroung 38
Keep an eye - PSU Bank Good structure in the making. need a strong close above 42.50 for major hurdle to cross.
Huge bubble formed - Sell to save lossesWhat a big bubble has formed
RSI = 80 on DAILLY chart
200DMA = 36
& prices at 40-41
It will burst today or tomorrow
PNB Fake breakoutRSI already at extreame level of 80
Short sell all positions & book profits before weekend
Sell target of 36
PNB looking good on weekly chartPNB Tracking for short term
May see 42-44 in short term
*Not recommendation
Punjab National Bank OUT-IN BB Trade. Outside Inside of Bollinger Band with 2nd Hummer Trade.
Buy @
Stop Loss @
Terget @
Trade Setup In Punjab National Bank"Trade Setup in Punjab National Bank"
Double Bottom type pattern in Punjab National Bank on 15min Timeframe.
🟢Buy Setup:- Entry-Strong Candle Breakout Above 30.25 level.
Stoploss- Below 29.50.
Targets- 31.25, 32.25, 33.25, 34.25.
(Pattern Formation Date- 12 May 2022 to 23 May 2022.)
*Do your own research and Consult your financial adviser before taking trades.
