sankatradesindia

PNB in rectangular range

Long
NSE:PNB   PUNJAB NATL BANK
PNB has been trading in a rectangular range for weeks now.

Also, within the consolidation, the increase in volumes is often observed when there is an upward move.
In the downward move, the volumes are often subdued.

Also, there is a trendline that the stock is going to test soon upwards.

This could be a good move for the stock on the upside if the stock closes above the trendline at the end of the week.

Duration: Medium term (few weeks).