PNBHFL is at a trend line resistance& is quite expensive on FY18 basis when compared with peers like Canfin,Ibulhousing. If charts pattern repeat it could consolidate here for a while or could correct to the levels of 1500&1460. RSI is also showing overbought Sign.
SO THINK BEFORE ENTERING IT NOW.
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JUST FOR EDUCATIONAL PURPOSE.
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PNBHFL has taken Support at 55DMA on 10th march& 23rd May and bounced from there, but now 55DMA is at 1311 so theirs a huge gap.
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As Expected PNB down 1.5% whereas CANFIN up 4% and DHFL up 6%(value buying).
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DHFL up 7.4% CANFIN +7.33% IBUL flat PNBHFL down 2%
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Completely as EXPECTED
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sold @ 16880 again bought back half at 1616 in PORTFOLIO
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Bough back other half 1500 . Avg price 1565 sold @1680 Gain 115
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