Punjab National Bank completes a long-term Cup & Handle pattern. Making it bullish on the technical charts. We expect a target of up to INR 170 from current levels. Time Horizon 9-12 months.
Punjab National Bank
--This Month we can see a support candle or decision candle stick pattern.
--Coming months am bullish in this stock with an upside of 75 % with price 95 target.
--Dip buy as strongest support is 44.
Note- This is monthly buy so stock can go up/down in weeks and days.
A monthly closing is a must to buy.
NSE:PNB
Strategy: Short
Gain: 4%
Never trade a short without a stoploss.
*Not a financial advice to buy or sell. Only speculations.
My charts speaks louder than words.
I'm a chartist and I paint charts.
NSE:PNB
have booked my profits but this is a projected targets for those who are holding from lower levels one should look to book profits near 65 to 68 range no fresh position is advised and one should not get in now as it too late for a good entry but the move is still on hope you hold on to the winners
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...
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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...
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...
#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
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