NSE:PNB is showing good market structure with rising volume on up-moves. * See those green volume spikes.
Short-term target would be intermediate resistance of 129.
Stop-loss would be a good trendline break.
Its been observed that PNB has been following an up trending channel since 24 may 2016.
Considering the fundamentals, current events and upcoming events I am strongly bullish on PNB.
Please feel free to share your thoughts and suggestions on this.
PS: A small violation in the channel pattern was observed on the US election results day (09 NOV 2016) when the...