buy in 2 parts half here half near 1300 with 1285 as sl and ride this channel.
PNBHFL is at a trend line resistance& is quite expensive on FY18 basis when compared with peers like Canfin,Ibulhousing. If charts pattern repeat it could consolidate here for a while or could correct to the levels of 1500&1460. RSI is also showing overbought Sign. SO THINK BEFORE ENTERING IT NOW.
PNB Housing Finance beautyfully taking support over 50 Days EMA and on that trendline.. Previously also I had mentioned this stock during correction and it has given handome returns... :D (link: ) Good Risk Reward and high probability trade... Targets are 1350/1500/1690 SL 1130 which should be trailed below trendline support Note: Do your own...
PNBHOU has taken a support over 50 days Exponential Moving average and is now in a strong uptrend with higher volume.In terms of fundamentals it is investment stock. Stock is good for a return of 25-30 % in 10-20 days.... In terms of risk and reward it is best pick... target 1 :1050 target 2 : 1080 target 3 :1110 + SL : 1010
Pnbhousing will give a short breakout below 848.30 it can go to level downside level 840 upside safety line 852.50