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PNB Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock has formed Triangle Formation, will favor bulls once closes above 996. (Updated on 12th September 2014, Friday).


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.
  • 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.
  • 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.
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.