PNB ::: BULLISH :::DATE: 27 SEP 2021
INSTRUMENT: PNB
TREND: BUY
TIME FRAME: DAY
CMP: 38.45
BUY ABOVE: 38.80
STOP LOSS: 38
POSITIONAL TGT 01: 42.60
POSITIONAL TGT 02: 43.85
RISK DISCLOSURE:
We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
PNB trade ideas
PNB Short Term ReversalThe stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below multiple support zones & the lower trendline. The target is placed near swing high.
PNB chart on daily time framePNB ready for going up..
Add in portfolio
Check it PNB chart on daily time frame inverted H/S pattern breaks and now retest on neckline and see candlestick pattern with volume high..
I am not recommending for buying, its my analysis
Before buy ask ur adviser
For my analysis say its going upside to next tgt.
PNB (daily) - Investment opportunityHIGH PROBABILITY of breaking OUT above this channel
and then BREAKING ABOVE the supply zone too
With a calculated risk of 20/22%, one can take-up a long position for approx. 40/50% gains in coming months (3 to 9 months)
it is a good investment opportunity (for me), do your own analysis
Thank you