PUNJAB NATIONAL BANK (MULTIPLE SUPPORTS)
#Stock : #PNB #Diwali Pick No 1
#Chart Time Frame: #WEEKLY
#Structure : #Multiple Supports / #Range Bound
On All Time Frame (D/W/M) the Stock is making a good base at the bottom and has made a good #Multiple #Supports with highest ever #Volumes in its history which shows that good #buying or #accumulation is going on and it will also be a good opportunity to add on every dip up to 35 - 33 and after #Breakout above 48.20 can be added more
So as per the Chart Stock looks Good for Long Position for Medium to Long Term as per the Levels given below:
CMP - 43.30 or BoD 35
Target 1 - 67
Target 2 - 83
Target 3 - 99 / 107
SL - 26.30
Holding Time Frame - Medium to Long Term (#Long Term View is for 3 to 5 years which can give returns in a #Multiple times)
All charts posted here are only for EDUCATIONAL PURPOSE
#Chart Time Frame: #WEEKLY
#Structure : #Multiple Supports / #Range Bound
On All Time Frame (D/W/M) the Stock is making a good base at the bottom and has made a good #Multiple #Supports with highest ever #Volumes in its history which shows that good #buying or #accumulation is going on and it will also be a good opportunity to add on every dip up to 35 - 33 and after #Breakout above 48.20 can be added more
So as per the Chart Stock looks Good for Long Position for Medium to Long Term as per the Levels given below:
CMP - 43.30 or BoD 35
Target 1 - 67
Target 2 - 83
Target 3 - 99 / 107
SL - 26.30
Holding Time Frame - Medium to Long Term (#Long Term View is for 3 to 5 years which can give returns in a #Multiple times)
All charts posted here are only for EDUCATIONAL PURPOSE
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