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Chinmayonniftyy
Jun 5, 2021 12:26 PM

PNB: CALM BEFORE THE STORM ? Long

PUNJAB NATL BANKNSE

Description

PNB has broken a trendline resistance with massive voulme. Buy at cmp, for 56+ levels.
Study trendline resistance breakout.
Comments
pawanjasrai
Fully Agree and taken position at 38 level
Chinmayonniftyy
@pawanjasrai great job
karankallajc
how long will it take for 56 level ?
bardevolved
PNB going down bro, result not good may be that's why. PNB has a reputation of deceiving analysts. apana kara analysis bahut badhita matra ee stock ta tike gulia
nageshkaudgaonkar
Looks to 100₹ to me in ~6 months..👍
Chinmayonniftyy
@nageshkaudgaonkar 6-12 months
umezbhatia
The volume tick up is largely an earnings trade in my opinion...should drop after monday.... Look at Jun Open Interest at 45 and 50...
Chinmayonniftyy
@umezbhatia, cool, just be a spectator and watch it go beyond 56 levels.
umezbhatia
@chinmaypatnaik, no worries. If it rises i'll leave Call side and sell puts. Don't have the need to be right...as long as I make money..will follow the trend...
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