Broadening Wedges Ascending in PNBThere may be a downside of around 15% in PNB
A Broadening Wedges Ascending pattern is forming right now
PNB trade ideas
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.
PNB LongIn PNB 26.45 is the best price to take a long position from here we can expect 45% to 75% growth
Punjab National BankStock on major trend line support.
Rsi and macd are very weak.
Wait for break trend line support or move up.
PNB Daily Bullish Crab
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
PNB EWT real Time AnalysisPNB bank for short time TP 42, 44 and 48 .............................................................................................................................................
EXPLOTION !!! PNB 25% move in upsideIMPORTANT !!
KEYPOINTS :-
1. Triangle break
2. High volume
3. Consolidation
4. In a channel pattern on 1 week time frame
NSE:PNB
Short on pnbChart shows take profit and stoploss targets
Trend lines drawn
Break in market structure observed
Long target 48PNB is taking support in the channel. We can go for the ling position. SL when is close outside channel on weekly closing basis.
