Punjab National Bank is a very good stock, on the verge of breakout. I recommend this stock for the long term, as it has very high potential but has been severely beaten down due to the Nirav Modi fraud and a few other incidents. 1. Volumes are at all time high, suggesting market interest in the stock. 2. VERY undervalued for the sort of company it is, and...
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.
BUY PNB ABOVE 42.5 WITH SL OF 39 FOR TARGET OF 45/48
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.