#PNBBANK - If the Price sustains above the Highlighted zone, go for long positional trade.
As I expect Nifty to go up...BANK of baroda will go up to tgt mentioned
I believe we are at the end of a 9.5 years bear market for Punjab National Bank, which represents the Wave2 and Wave3 bull rally can take the price above 1000 easily (not sure on timeline, possibly years) Factors in favor of correction ending (or almost) - Hit the 0.618 Fib support line, a typical wave2 turn-around point - Y is 1.618x of W - Internal sub-waves of...
LONG ON PNB FOR MONTHS TO COME EXPECTING A GOOD MOVE TO UPSIDE!! SEEMS LIKES BEARS ARE LOOSING TERRITORY!!!
PNB - NO BUY ABOVE 50. BUY @ 50 WITH A SL OF 46 AND A TARGET OF 64. RR FOR THIS TRADE IS 1:4. TRADE SHOULD NOT BE TAKEN ABOVE 50 ALL PSU BANKS SEEM TO BE NEARING THE END OF DOWNMOVE AT LEAST TEMPORARILY
Punjab national bank maintaining the wedge pattern, expected to rise till resistance is met. Good time to go long on the stock.
- Weekly chart - Support zone where it has always bounced to reach a Bull High - Break of Down Trend Line - Divergence on RSI - Wonderful RR
BUY PNB For 70 SL 62 targets 66 68 70.15
PNB (Punjab National Bank) SELL BELOW 62.5
IH&S not yet complete but chart looks very similar to Bank of Baroda which confirmed IH&S recently and currently testing it's neckline. PNB would most likely complete IH&S structure and followed by breakout. Breakout target is given on chart. T1 - 70.5 INR T2 - 83 INR
Only for education purpose not to be taken as a trading call. CHART BY HARMONIC LEARNING AND EARNING
For one or one and half month there is strong buy for swing trading