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.
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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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.
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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#pnb forming double bottom at base support with a break above the trendline. Long trade can be considered if the double bottom is confirmed i.e break above 95 resistance level.
