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 stock in cup and handle formation surly it will boom high so accumulate more and more
PNB Analysis: Price broken from box and retest done, expected target are marked on chart for long time. Let's see. Happy Investing!
Stock has a BAT pattern target of 63 approximately
PNB cmp 53 Looks good for 70 Gann Levels marked on chart for further upmove. Pure Positional/Investing.
*Punjab National Bank* Inverse H&S Pattern: Weekly Basis Strong Price & Vol. BreakOut / BuiltUp *With Upside, Trail SL* *Book Profit as per Risk Appetite* *Snapshot* Leading Indian PSB with 10,264 branches / 13,400 ATMs. NII grew 9.6% QoQ to 8,271cr in Q2FY23 (up 30% YoY), with increase in yield on Advances, Funds & Investments. NIM expanded 20bps QoQ to...
PNB gives breakout from the strong resistance zone Will enter when it gives retracement next target will be 55
So this PSU bank is finally on the move after so long time, Good if it stays above the shaded area.
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
stock is in minor w5 of major w1 diagnonal wave....likely target 56.85
There may be a downside of around 15% in PNB A Broadening Wedges Ascending pattern is forming right now
Alas, Global weakness affecting indian markets Small investors stay away from market currently, strong entry point will be notified when possible
Level of Rs 44 in upcoming 3 trading sessions Strongly Standing on double technical Support & strong fundamentals i dont need to mention First Support at its Bullish trendline & second strongest 200DEMA Support which impossible to be broken for the stock with such strong fundamentals reasons as follows 1. PNB approving loans to farmers(country's backbone) on...
Even after witnessing huge Market Crash Punjab National Bank strongly held its roots, History of chart pattern clearly indicates that whenever the stock price touches the 200DEMA(Red line in chart above) the stock price Bounce upside with very strong volumes in upcoming sessions so this correction is seen as an healthy sign in journey of this National Bank...