State-owned Punjab National Bank (PNB) said in a regulatory filing that the "Board of the Bank has approved participation in the proposed Rights Issue of Druk PNB Bank Ltd (DPNBL), an overseas subsidiary of the Bank, for an amount of Rs 72,82,80,000 at premium of Rs 7 i.e., Rs 17 per share." Further, it said that the number of shares will be 4,28,40,000.
👉🏻Looking strong if close above 48.5 👉🏻Trendline breakout structure 👉🏻Support 44 👉🏻PSU Banks looking good 👉🏻Keep on radar
✔️Monthly box breakout ✔️Monthly breakout retest ✔️PSU BANK SECTOR is strong ✔️Looks good for investment ✔️Target 61/69/88+
PNB (Swing): A 20% up move is possible on the cards. Note: Do your own due diligence before taking any action.
Reason for short a) M formation is sign of bearishness. b) volume and price downside Weekly breakdown. SL compulsory
Reason for long a) Mr 14 set up b) vwap support c) PSU bank support d) banknifty support for long SL compulsory
Short Term POV: Another PSU Bank with Upside of 30% possible. Yellow Lines to Watch out ! Breakout with Good volume may be seen. NSE:PNB
All PSU Banks Continue breakout from oct.22. which one of the PNB on Daily TF CUP PATTERN Breakout once price break the 57.20 n sustain it than next level can see at 65. I had hold at 41level in oct.22 still I am holding it. Entry : CMP, SL 55.20, Upside move can see 65,97 levels...
PNB at strong resistance zone on weekly timeframe chart if it cross 60 level and sustain above this level for some time then it will start gain.
Short term position only 6/01/23 BYE 122 TGT 10% SL 5% Education parpose only 🍷🍷
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
This stock in cup and handle formation surly it will boom high so accumulate more and more
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
Reason for long a) pull back long b) high volume stock c) vwap support SL compulsory for intraday only trending sector in recent times
Reason for long a) Head and shoulder set up activated b) long build up with volume and price spike c) vwap support for long d) SL compulsory
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .