PNB trade ideas
Punjab National Bank ShortNSE:PNB
Strategy: Short
Gain: 4%
Never trade a short without a stoploss.
*Not a financial advice to buy or sell. Only speculations.
My charts speaks louder than words.
I'm a chartist and I paint charts.
A reasonable target for a mad moveNSE:PNB
have booked my profits but this is a projected targets for those who are holding from lower levels one should look to book profits near 65 to 68 range no fresh position is advised and one should not get in now as it too late for a good entry but the move is still on hope you hold on to the winners
pnbState-owned Punjab National Bank (PNB) said in a regulatory filing that the "Board of the Bank has approved participation in the proposed Rights Issue of Druk PNB Bank Ltd (DPNBL), an overseas subsidiary of the Bank, for an amount of Rs 72,82,80,000 at premium of Rs 7 i.e., Rs 17 per share." Further, it said that the number of shares will be 4,28,40,000.
PNB AT MONTHLY BREAKOUT RETRACEMENT✔️Monthly box breakout
✔️Monthly breakout retest
✔️PSU BANK SECTOR is strong
✔️Looks good for investment
✔️Target 61/69/88+
PNB (Swing):PNB (Swing):
A 20% up move is possible on the cards.
Note: Do your own due diligence before taking any action.
PNB : CMP - 53Short Term POV: Another PSU Bank with Upside of 30% possible.
Yellow Lines to Watch out ! Breakout with Good volume may be seen.
NSE:PNB
PNB : CUP Pattern BreakAll PSU Banks Continue breakout from oct.22. which one of the PNB on Daily TF CUP PATTERN Breakout once price break the 57.20 n sustain it than next level can see at 65.
I had hold at 41level in oct.22 still I am holding it.
Entry : CMP, SL 55.20, Upside move can see 65,97 levels...
PUNJAB NATIONAL BANK PNBPNB at strong resistance zone on weekly timeframe chart if it cross 60 level and sustain above this level for some time then it will start gain.
Box BreakoutPNB Analysis:
Price broken from box and retest done, expected target are marked on chart for long time.
Let's see.
Happy Investing!
PNBPNB cmp 53
Looks good for 70
Gann Levels marked on chart for further upmove.
Pure Positional/Investing.
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...
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Broadening Wedges Ascending in PNBThere may be a downside of around 15% in PNB
A Broadening Wedges Ascending pattern is forming right now
