Punjab National Bank ( 40% upside potential)

Sector: Bank - Public
fundamentally strong public sector bank post very good quarter...
monthly as well as weekly chart shows strong uptrend with support of fundamental factors...
on Daily TF , price take support in HTF demand zone bollinger bands N RSI also support this zone....
long term investors can buy for the tgt 170 onwards...
swing traders can buy for the 148/150 with SL 114... swing high 143, W fib levels 148/165 may act as a resistance....

Kommentar:

RBI will transfer a record Rs 2.1 trillion as dividend to the government...
biggest beneficiary psu banks such as SBI PNB CANBK....