HARMONICSANAND

PNB : short term buy on breakout...

Long
NSE:PNB   PUNJAB NATL BANK
PNB : CMP 42.30

highlights
1. cup and handle pattern seen
2. on the verge on upper trendline handle breakout
3. increasing volume
4. recent news / fundamentals supportive

trade setup :
1.buy above 44.40
2. keep stop loss as 38 on closing basis
3. expected target 56.40 in shorter time ( monthly pick )
buying and target based on
cup and handle technical breakout

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