PNB trade ideas
PNB : BULLISH TREND.Strong MACD , StocRSI parameters, and the recent pullback show that if the trend continues for the short term, we can see the Scrip hitting the two target levels. The Parabolic SAR has already given a BUY signal, with all parameters in tandem we can see the same happening.
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Investment Pick - Punjab National bankNSE: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 before buying and selling any position. This is just for Education Purpose.
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#24 Long PNBNSE:PNB
Reason Being:
1. Bullish RSI Divergence
2. Hourly RSI Crosses above 60
3. Parallel Channel breakout
View Negated Below: 34.8 in closing Basis
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose.
if you liked please don't forget to follow me
PNB LONG INTRADAY 26 MAR 2021Dear trader,
If u look at the chart of PNB (analysis based intraday only) the PNB Buy at 35 and Target at 39 and Stop loss at 31.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
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PNB/INR ( Panjab National Bank ) Technical Analysis Update#PNB/INR TA Update:1
#PNB stock currently trading at ₹36.95/-
And now trading at strong support level.
My Target before end of April is ₹44/- and ₹49/-
So I am buying April 40/- CE at ₹1.55/-
And My Target will be ₹3 / ₹4 / ₹6 / ₹10
I am expecting 100% profit within 3-4 weeks.
Support:- ₹36
Resistance:- ₹41.35 / ₹44.15 / ₹49.50
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PNB is at buying zone Low Risk Setup
Can go for Long
Disclaimer : Just for education Purpose.
Thanks Happy Trading :)
PNB LOOKING TO TAKE OFFPNB Ready for the final retest off the daily 200 MA wiping out weak hands before the final take off
Can expect 50 to 70% gains within this year
PNB Stock Triangle pattern breakoutSecond time PNB broke out of the triangular pattern.
1st breakout on the upside and now on the downside.
Looking out for the major support zone
If support holds then it could go up to the previous highs and if breaks the support then expected to go further down🔻
PNB Analysis Positional March 2021Refer 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 under professional supervision.
PNB head and shoulder pattern . it will be close above head and shoulder trend line .
will be blast .
PNB PNB is looking on a bullish upward channel along with a w pattern easy target of 55 can be expected
PNB Triangle pattern breakoutTriangle pattern Breakout happened, Important levels are marked,
Looks more probability available for BULLISH Trending (Target 1= 42.5 , Target 2= 44.25)
Less possibility for Bearish Trend (If Target 1= 39.5, Target 2= 38, Target 3= 36)
PNB - LongPNB CMP - 42.05
Looking bullish in higher time frame. One can go for Short / Long Term Trade Setup with the following entry, exit & targets.
Buy Range 40 - 41 / Stop Loss 37
Target 1 - 50
Target 2 - 60
Target 3 - 65
Disclaimer: This is my view and for educational purpose only.
Inverted head and shoulders made by PNB downwards.PNB performing so poorly some time ago as we can see in the chart. but after recapitalization it will good perform in the future because it makes inverted head and shoulders in the weekly chart.
PNB BSE/NSE W, Long PT 58-60Not a Financial Advice. Charting for entertainment purpose only.
Watch for Key breakout from the trendline . Nice support above 50 EMA on weekly. Volume picking-up. If this holds above 45 range, next possible target is 58 and then possibly higher.
Punjab National BankThe 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 India and Oriental Bank of Commerce has improved the PAT (profit after tax) for three straight quarters of FY21 i.e 538 cr. in Q1, 576 cr. in Q2 and 747 cr. in Q3. NII has been improved by over 80% on a YoY basis for Q3.
3. FII’s holding has increased from ~1% to ~4% which signals a strong bullish bias towards the bank. Huge volumes of shares are being traded for close to 7 trading sessions
4. Government of India’s emphasis on Privatisation of PSU’s will leave a lesser count of PSU Banks in India and PNB is expected to remain on the PSU Bankside.
5. Stock is trading/consolidating in a lifetime low trajectory of 26–39 for close to a year now. The all-time high of the stock is 279.8 which is far away from the current levels. Therefore keeping the range of 26–39 as a strong base, the stock has only one way to move i.e up.
6. Technically speaking, the stock is trading at 0.64 times its book value and appears to be undervalued given the above-mentioned reasons.
The stock has a strong resistance zone at 40.55–42.80 and a strong support zone at 32.50-34.50 levels and hence perfect time to invest would be when the price is close to the support level or breaks the resistance zone i.e above 42.80.
The first target for the stock would be 53+ and the second target would be 70+ in months to come.
Refer to the chart for levels.
Invest and forget, it might give some surprising returns.
NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
PNB Channel Breakout and next targetsPNB has finally broken a strong resistance of a channel in which it has been stuck since the Corona impacted equity markets.
With the breakout happening with high volumes and a s series of higher lows, we can see that it shall possibly sustain and reach up to the level of 59 in near future. Next target after 59 we can see is 68.
For those who are not already holding it may take an entry at retest of the channel resistance, which is now a support region.
