Break Out Trade in Punjab National Bank Long

PUNJAB NATL BANKNSE

Description

⋅ Feb 2, 2022 5:35 PM

Date: 2-Feb-2022
Rating: Buy
LTP: Rs. 42.80
Target: Rs. 48-->60
SL: Follow the trailing SL indicated by the moving averages on closing price basis.

PNB has created a break out from the current secondary trend with very high volume . EMA, MACD and RSI are giving bullish signals.

Disclaimer: Investing in stock market is risky. One should do a self analysis and validation before investing in stock market.

Comment

⋅ Feb 4, 2022 5:11 AM

Buy if closes at or above 43. 42.85 seems to be long term resistance.