yndesai

PNB Resistance to suppor

Long
yndesai Updated   
NSE:PNB   PUNJAB NATL BANK
44 has stayed as resistance in PNB for more than one year

now that it as broken this level and coming back to retest, need to observe if there is serious buying at this level.

considering strength returning in Banking sector. target of 68 is likely in 6~9 months.

Waiting for blue downward trendline to be broken.
SL below swing low..
Trade active:
SL 44.15
Comment:
giving second chance with very good risk reward ration
Comment:
Better late than never...
Revised SL 49
Comment:
Revised SL 57.8
Comment:
very close to target. Trailing SL to previous day low...
Trade closed: target reached:
One may continue trailing
SL to previous day low
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