1. Volumes are at all time high, suggesting market interest in the stock.
2. VERY undervalued for the sort of company it is, and business it does.
3. Mehul Choksi could get deported to India any time soon. The ensuing trial could help PNB realize a portion (if not all) of the bad debts written off immediately after the fraud took place.
4. Look for weekly candle closing above 44-46 range for targets of 60/110/160/200+