Punjab 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...
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.
Based on Demand and supply this my analysis on PNB, Let see how it will perform. Trade Setup: MIT Targets Mention on chart
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...
NSE: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...
Dear trader, If u look at the chart of PNB (analysis based intraday only) the PNB Buy at 35 and Target at 39 and Stop loss at 31. The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis. In Intraday most important thing is to enter and exit points. Our signals are based on analytics, algorithms, mathematical...
#PNB/INR TA Update:1 #PNB stock currently trading at ₹36.95/- And now trading at strong support level. My Target before end of April is ₹44/- and ₹49/- So I am buying April 40/- CE at ₹1.55/- And My Target will be ₹3 / ₹4 / ₹6 / ₹10 I am expecting 100% profit within 3-4 weeks. Support:- ₹36 Resistance:- ₹41.35 / ₹44.15 / ₹49.50 Please click LIKE button and...
PNB @ 36.25 target 40 SL 35.2.2 demand zone in PNB at 36.25 NSE:PNB
PNB Ready for the final retest off the daily 200 MA wiping out weak hands before the final take off Can expect 50 to 70% gains within this year
PNB has finally broken a strong resistance of a channel in which it has been stuck since the Corona impacted equity markets. With the breakout happening with high volumes and a s series of higher lows, we can see that it shall possibly sustain and reach up to the level of 59 in near future. Next target after 59 we can see is 68. For those who are not already...
Research pick: Reasons supporting the pick: 1. Second largest PSU Bank in terms of market capitalisation. 2. PNB’s merger with United Bank of India and Oriental Bank of Commerce has improved the PAT (profit after tax) for three straight quarters of FY21 i.e ₹ 538 crores in Q1, ₹ 576 crores in Q2 and ₹ 747 crores in Q3. NII has been improved over 80% on a YoY...
PNB is making Pennant Pattern, both rising support and falling resistance are squeezing the price.
This analysis is purely based on price action and Chart Patterns. The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days. Trade logic with SL and Target is explained in image itself. Don't chase the price. Always plan your trade & trade your plan Keep trailing SL accordingly once entered into the trade. This analysis...
PNB is looking very Bullish, Closing above 200 EMA, Retraced 50% from the bottom as per Fibonacci Levels with Huge volumes. Good Positional Trade. Target 1 - 38.35 Target 2 - 41.35. If sustains above these levels hold for 45 and 50 levels.