PUNJAB NATIONAL BANK
Correction - Image showing DOJI is not daily chart --- plz note its monthly chart
- PNB has formed Triangle Formation in daily chart (as shown in image no1), this indicates sharp move is expecting once PNB comes out from its pattern.
- As per technical chart no2, On upper side PNB will find strong trend line resistance around 996, 1012, 1038 and 1068. Once PNB closes and stays above 996 then looks bullish and will be ready to test its next resistance levels.
- Intraday Tips - Close watch once PNB starts trading above 996 during stock market hours, if holds above 996 during trading hours then intraday bulls action is expecting.
- Also see - NIFTY FUTURES is moving in up channel pattern, will be favored by bulls.
- As per graph no3, Stock is moving up from 100 days moving as long as holds above 100 DMA bulls will be favored , once closes below 100 DMA then stock will show first sign of weakness. Close Watch.
- Suggested Article - Methods of selling in stock market.
- As per monthly chart , stock has formed DOJI formation, this also indicates we can see on side sharp action in this month or the next. Various example has also been shown in image no4.
- Click here to see all the free trading reports (tips) published by us on PNB.
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