Punjab National Bank BSE: 532461 | NSE: PNB
Resistance(+/-5) : 228 / 279 / 360 / 416
Support (+/-5): 140 / 100 / 80
BUY above 232
Investors with a time frame of 1 week to 2 months can
BUY the Stock above 232 with an Initial Target of 240 / 256 / 279 and a stoploss between 210 and 197 .
Medium Term Investors can Hold the stock with a target of 326 / 360 and stoploss between 168 and 144.
Long Term Investors can Hold the stock with a target of 410 / 500 / 637.
Note: The levels around 228 and 279 are strong resistance level.Be Cautious around these levels.Partial profits can be booked at this level. If the stock falls below 160; it may be a start for medium-term downtrend.
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