Resistance and Support Levels for Punjab National Bank- Investment Idea

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.