shaleenbansal

Textbook DOUBLE BOTTOM in PNB

Long
NSE:PNB   PUNJAB NATL BANK
PNB has crossed very crucial levels in historical price action move.

The stock has been in uptrend as past few weeks and has completed a text book definition of Double Bottom .

It has successfully breached the neck-line and retested it with a daily gains of over 5%.

Stock last traded on such valuations in 2003 and this is a golden chance to build long term positions into this stock.

Traders can also benefit from this move by placing long bets with stop loss below 38.

There is lot of talk about PSBs in media currently. PNB will benefit immensely if the Euphoria kicks in.

NOTE:- I post ideas about swing trades, long term bets and even for intraday. Check my below ideas for trading psychology . Kindly do your own analysis for trading/investing
Trade active: It's happening. HOLD!