$NSE:PNB TIME FOR PSU BANKS?
Updated
The stock looks very strong on the weekly chart and is breaking its long consolidation since 2019. If the stock manages to close above 70 this week and breaks this weeks high in the coming weeks one can plan to go long for targets of 82-90-100 on a positional basis with a stop loss of 65 on a weekly closing basis.
The stock has moved about 9% today so its better to buy on dips for positional gains and not just a quick move.
NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH THEIR FINANCIAL ADVISOR BEFORE TAKING ANY INVESTMENT DECISIONS.THIS IS ONLY FOR EDUCATIONAL AND LEARNING PURPOSES.
The stock has moved about 9% today so its better to buy on dips for positional gains and not just a quick move.
NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH THEIR FINANCIAL ADVISOR BEFORE TAKING ANY INVESTMENT DECISIONS.THIS IS ONLY FOR EDUCATIONAL AND LEARNING PURPOSES.
Note
NEAR FIRST TARGET i.e 10% MOVE IN LESS THAN 2 WEEKSNote
1ST TARGET OF 82 DONENote
THE STOCK IS STILL LOOKING STRONG ON THE MONTHLY CHART AND IS JUST CONSOLIDATING BEFORE A MOVE. ONE CAN ENTER AT CMP WITH A SMALL SL BELOW 62 ON A WEEKLY CLOSING BASIS FOR TARGETS OF 85-100Note
PNB HAS MADE A MORNING STAR PATTERN AND BROKEN OUT OF IT WHICH IS A BULLISH SIGN.Note
WENT ABOVE 80 TODAYNote
HIGH OF 92Note
HIGH OF 99.6
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