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PNB Monthly Analysis for April 2019

NSE:PNB   PUNJAB NATL BANK
This month's pivot are wider than previous month's indicating a sideways market for PNB.

Short @ R1/H3 if not they are not breached within few days and Long @ L3/CPR.
Dotted layers(H1,H2,L1,L2) will be the layers over which the PNB is likely to move.

If CPR (Dashed Blue Lines) is breached and sustained, S2/L5 should be your short target.

PNB opened between H3 and L3, confirming it's more likely be a sideways market.
Comment: For three days after analysis, PNB reached 100(H2) and went down!
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