PNB -
1. Breakout on monthly basis
2. EMA 5 cross over 20 on monthly basis. Long after 4 years
3. Range consolidation breakout
4. Volume supportive trend.
5. Fundamentally cheaper in the sector.
Punjab bank makes all time low at 26 which is now strong support then makes bottom on this level and start gaining now resistance zone is previous swing high which is at 48 level
PNB canbuy with minimum stoploss.. very favourable target and sl..also risk reward is matching..it may touch its target of 50-60-70 maximum in next 6 month..go greeen
keep hunting and keep learning stay connected and stay tunned...
TBB - TRADE BULLS & BEARS
LEARN ONCE EARN FOREVER
Hello guys, the last two trades SRTRANSFIN & SIEMENS given here have both hit their 3rd targets and it was sooner than I expected.
Now the stock that can be seen breaking a long time range is PNB. So now PNB, as seen on a weekly timeframe is making a bearish flag and pole pattern and on a Daily timeframe has given a breakdown from channel which was it's long time...
when looking at the weekly chart, the RSI value is above 60, which indicates that the stock is gaining movement event. moreover, the stock is trying to break the resistance zone of 43-45. looking at the volume, RSI, and chart pattern it looks like PNB is going to be a rocket in some time.
PNB - BUY & HOLD
Strong MACD uptrend
Good support @ 43 & 39
Targets - 50 -55 short term
Above the 50 Day Moving Average
Alert:
RSI - oversold 79 - You might see a slight fall but HOLD and Buy on Dips
Happy trading - Do like & Follow
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PNB is about to break the trend line with good volumes in trade. LTP is 42.55 above 43 can expect a good move in the stock. If not it will reach down to the first support zone of 40. Can also use that as stop-loss if entering into the trade.
After Long time, Started seeing reversal on RNB
PNB : Crossing 42.85 -- will test 44.15
If sustains above 44.5, we should be able to see next target - 55.9
On Daily time frame : Stock is trading above Weekly and Monthly VWAP, Monthly CPR, 20/50/100/200 - Levels.
Add to watch list, kindly study & do own research before investing.
DATE: 27 SEP 2021
INSTRUMENT: PNB
TREND: BUY
TIME FRAME: DAY
CMP: 38.45
BUY ABOVE: 38.80
STOP LOSS: 38
POSITIONAL TGT 01: 42.60
POSITIONAL TGT 02: 43.85
RISK DISCLOSURE:
We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not responsible for your...
The stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below multiple support zones & the lower trendline. The target is placed near swing high.
HIGH PROBABILITY of breaking OUT above this channel
and then BREAKING ABOVE the supply zone too
With a calculated risk of 20/22%, one can take-up a long position for approx. 40/50% gains in coming months (3 to 9 months)
it is a good investment opportunity (for me), do your own analysis
Thank you
