01-01-1970 12:00 AM | Source: LKP Securities Ltd
LKP Spade : A Weekly Pick - Buy Punjab National Bank Ltd For Target Rs. 61/64 By LKP Securities
News By Tags | #413 #2951 #74 #3050

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Punjab National Bank Ltd

* PNB has given a breakout from a symmetrical triangle pattern on the daily chart with a significant surge in volumes.

* The stock is trading in a strong uptrend on the lower time frame, with higher high and higher low formations intact.

* The momentum indicator RSI has given a positive crossover and has entered the zone of 60, which confirms the buy signal.

Buy Punjab National Bank Ltd @ Rs.58 Stop Loss: Below Rs. 55 CB Target Rs. 61/64 Duration 1 Week

 

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