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PUNJAB NATL BANK, RELIANCE COMM LTD, ELECTROSTEEL STEELS LTD., GMR INFRASTRUCTURE, FORTIS HLTH (INDIA, STATE BK OF INDIA
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I find the stock bearish keeping mid and short term perspective
and have checked the upside levels for the stock ...which will now a big hurdle in its journey upwards !!!!!!!
Buy PNB between 114-120 in cash
Buy PNB above 139.5
Punjab National Bank long setup on weekly chart
Buy above: 155
PNB trading setup on hourly chart
Descending Triangle on PNB.
NOTE: This chart recommendation for positional, not for an intraday.
Short below - 139.00
Target 1 - 136.80
Target 2 - 134.50
Stop loss - 142.40
Risk : Reward => 1 : 2
Reward Points - 4.5
Risk Points - 2.5