PNB - Ready For 50% Upmove ??? VOLUME SHOCKER
Buy Pnb
Closing Price - 42.05
SL - 32 (Monthly Closing Basis)
Target - 96/128
Pnbanalysis
PNB looks great on charts, inverse head and shoulder formationHello Every One,
I am sharing herewith the PNB stock trading idea, on daily charts of PNB share you can find a formation of inverse head and shoulder formation which offers great trade set up with the risk to reward ratio of 1:4 and the traders can take position in cash and F&O as per their risk appetite. This post published here is only for Educational Purpose and do consult your financial advisor before taking any trade decision.
Once the inverse head and shoulder target met, then the stock is expected to be bullish on weekly charts for further upside potential.
PNB LONG POSITIONBuy PNB above 36 breakout as the stock has formed a strong support near 32. The stock has recovered well from its support and is on a roll to give a breakout. If the stock breaks out above 36 level buy it for 39-42 levels in the coming days. If the stock reaches 32, will update for a fresh position if possible.
PNB Long Term TradeThe stock is looking good at this price for the long term, safe traders can keep SL for 3 points (29.5) and refer to the chart for the targets.
Happy Trading!
InvestPro India Team
PNB - Bearish Flag patternNote: This is for educational purpose only.
PNB seems to be forming bearish flag pattern with high volume.
