PNB trade ideas
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 CHANNEL BREAKDOWNHello guys, the last two trades SRTRANSFIN & SIEMENS given here have both hit their 3rd targets and it was sooner than I expected.
Now the stock that can be seen breaking a long time range is PNB. So now PNB, as seen on a weekly timeframe is making a bearish flag and pole pattern and on a Daily timeframe has given a breakdown from channel which was it's long time trading range.
The pattern was broken and it closed 2% below the channel (went as far as 4%), which looks to me a great bearish move.
RSI is in weak zone.
MACD just turned bearish.
I have many greater targets for long term swing traders on the short side because this seems in a forever downtrend but let's do with this now.
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Buy Buy Buy - Pnb - Short term gain of 10%Hi All,
Target can be around 45
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Hopefully, this helps you out a little bit. Please make your own research before investing.
P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk.
PNB (LONG)good volume seen in PNB
its taking support at 200 EMA
Bounced back from 255 EMA
crossed the decending trendline
and now following the asending trendline
rest levels are as given
BUY NEAR 39
SL 37
TGT 42-45-47
Please Correlate by yourself also on charts. This is for Educational and Paper Trading Purpose Only. Must Consult your financial advisor before Investing.