LKP Spade : A Weekly Pick - Buy Punjab National Bank Ltd For Target Rs. 61/64 By LKP Securities
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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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