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MTF Stock Pick - Buy Punjab National Bank For Target Rs. 46.8,51 - HDFC Securities 

Stock price has formed double bottom bullish formation on the daily chart at 32 odd levels

Higher tops and higher bottoms on the daily and weekly chart

Flag pattern breakout is seen on the daily chart

Stock has been trading above all important moving average parameters

NSE PSU bank Index have broken out from long term resistance

Indicators and oscillators like RSI, MACD and DMI have turned bullish on short term charts

Buy Punjab National Bank Upto 3 Months @  Buy between CMP & 41.5-42 CMP 41.5 TGT 46.8,51 SL 37

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