Punjab National Bank - BullishPunjab National Bank completes a long-term Cup & Handle pattern. Making it bullish on the technical charts. We expect a target of up to INR 170 from current levels. Time Horizon 9-12 months.
PNB trade ideas
SELL PNB spot cmp 133 target 110 SL 139Technically, there is a distribution going on and sign of exhaustion in strong rally. Multiple times the stock face correction from higher level and then later on it only managed to cross the previous high by some margin to fall again. This means big players selling their delivery. Fundamentally, its already overvalued with high PE and fairly valued Price to Book. So combined analysis says that it can fall to 110 levels soon with any support from market fall.
PNB The Best Investment Opportunity ! ! !
We see Wave 1 and 2 both are completed and Wave 2 has retraced Wave 1 by less than 100% which suffices the rules of the Elliott Wave Theory, Now forms the Wave 3 the Most awaited the most powerful the most wanted and important wave for every trader, This Wave 3 has the maximum potential.
According to the Elliott Wave Theory these are the Extended Fibonacci Levels giving us the leading information instead of lagging.
HAPPY INVESTMENT ! ! ! !
Bearish trade setup | Bearish breakdown in PNBThere was a trend breakdown in the daily chart of PNB.
There was a reversal attempt today which failed.
Can go short for target of 114/115
Educational purpose only
#PNB #bear #trade
Very Bullish can double by the end of 2024It can cross 250 levels be the end of 2024. So stay tuned.
PBB - ready to sell ???Hello All,
The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
If you like my Idea, Don't forget to Boost and comment on my Analysis..
Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
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
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
