PNB trade ideas

gulz Updated 

Hi, Here is a nice long setup on Punjab National Bank. Trade levels shown on chart - feel free to refer it. Setup posses a potential Risk/Reward = 2.9 ( almost 3X) Trade with Care Gulz

waveanalyst75

Lets see how it unfolds

lukerodson

PUNJAB ABHI DHOOR HAI

hitesh_aad Updated 

HUge resistance over 154... short after the event if didn't break 154 taking stop of 154

viraj21283

Long for target of 138-140..with sl of 121

NileshThete

PNB is poised for a good correction. Go short...Details in the chart...

AakashRKothhari

PNB seems holding 120 levels as support enter short near 125-128 range sl 138 tgt 1 : 106 Tgt 2 :95 Tgt 3 : 80

pathaniasourabh

BUY PNB @ CMP & IN DIPS, TARGET 179, SUPPORT ZONE 65-100, TIME PERIOD 3/6 MONTH,,,,,,

ShobhitAgarwal

Engulfing candle. Ripe for correction. Should find support at FIB 38% retracement level. Extremely favourable risk reward trade.

sushil6002

BUYING AT 126.75

sushil6002

PERFECT LENDING ON EVERY LEVEL ...PERFECT ANALYSYS

sushil6002

PNB BANK

tapas506

some correction here

NeeteshJain

It seems a complete formation of bearish butterfly pattern. It needs a red candlestick on Monday to confirm this pattern. If it is confirmed then it will become low risk high profit trade. Close watch on Monday closing

RaghunathHyd

Can be a good short at previous supply zone of 97-98 area.

InsiderB

Usually I don't trade head n shoulders unless there are other valid reasons to enter. If you are an aggressive trade, you might want to enter just after the breakout of Neckline which has happened on Friday market closing. If prices are at your expected entry level during Monday open you can go short in PNB Happy Trading !

NeeteshJain

It is an ideal time to enter this one as following reasons, 1. Fibs Extension Completed at 1.618 2. Wave 3 completion at Structure 3. Ratio and Structure confluence 4. RSI and MACD negative Target 1 - 80