PNB - BullishPNB CMP - 42. 25 *Positional Trade Setup*
Looking bullish in higher time frame. One can go for Short / Long Term Trade Setup with the following entry, exit & targets.
Buy Range 40 - 42 / Stop Loss 35
Target 1 - 50
Target 2 - 55
Target 3 - 60 / 65
Disclaimer: This is my view and for educational purpose only.
PNB trade ideas
PNB INVESTMENT AND SWING TRADE OUTLOOKPunjab National Bank (PNB) has been in a downtrend for over a decade. With 5 downside waves being completed and the Public sector slowly getting some momentum I think its time for PNB to shine.
Short term trade - Buy above 46.50 with a SL of 42.5 for targets of 54-56 2nd target of 65
Long term trade (investment) - Buy above 47 for minimum targets of 100 to 227 or even higher. Stoploss will be around 25.
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