VOLUME SHOCKER Buy Pnb Closing Price - 42.05 SL - 32 (Monthly Closing Basis) Target - 96/128
Hello 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...
Buy 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.
The 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
Note: This is for educational purpose only. PNB seems to be forming bearish flag pattern with high volume.