PNB trade ideas
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 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 - LONG FOR LONG WAY TO GO PNB broke the inverse head and shoulder and with bank nifty in strong hands as well as PSU pack this space gives good scope for move towards 60 currently around 40 stops around 33 will do.
PNB for buying Buyers are accumulating 38.30 level if it crosses then 4 to 5rs momentum should be expected .
Resistance are touchedfive times.
It was Wesker resistance.
Buy PNB at CMP for 45 (18-20%)Mid term target: 60+
Disclaimer: Views are for education purpose only. Do your own research before investing.
something cooking if goes above avwap(green line)signs of strength and closing above 39.2 it will be a inverse head and shoulder breakout
46 then might come
disclaimer - not a recommendation , do you due diligence
Punjab National Bank Long term TargetBased on Demand and supply this my analysis on PNB, Let see how it will perform.
Trade Setup: MIT
Targets Mention on chart
PNB DAILY CHART INVERSE HEAD AND SHOULDER PATTERN / 39 BIG HURDLE IF CLOSED ABOVE THEN 43-44 NEXT TGT
PNB Daily BULLISH BAT
Withiin 3-5 price bars PATTERN need to be get confirmed from ,BULLISH CANDLE with RSI Above 30
POTENTIAL BUY
Bullish signalPNB penny stock is making and head and shoulder pattern you can give it atleast 15rs sl and take for long term
PUNJAB NATL BANK 4HRCONFLUENCE Of Daily & 4HR BULLISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
PNB 4HRCONFLUENCE OF DAILY & 4HR
BULLISH BAT
Withiin 3-5 price bars PATTERN need to be get confirmed from a BULLISH CANDLE , with RSI Above 30
POTENTIAL BUY
PUNJAB NATL BANK Daily BULLISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
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.
