praveen.bhatiya

Divergence at MACD PNB LONG

Long
NSE:PNB   PUNJAB NATL BANK
The stock is at a good support area . MACD indicator is showing divergence. Although it is making lower high and seems to be in downtrend one can enter long here with small Stop loss and look for a target of 141. Very good risk to reward ratio.
Trade closed: target reached: I've closed the 80% of my position on the target area booking decent profit, rest would continue with the trailing stop loss.