PNB now at Buying level

Investing in good stocks is always suggested to traders as well as to investors.
Before investing in any stocks as a traders entry levels are always important.

PNB is one of the stock which is now at good entry level.
Though NPA and merger of low operating banks to PNB is biggest problem, but its is good stock to buy for short term traders.
also those who want to buy for long period for them also its a good pick.

ALSO READ : Shares Which Can Give 5 to 10 Times Returns In Next 5 Years.

 Levels on chart show PNB has strong support level of Rs 135 on weekly charts, after making low of Rs. 137 PNB bounce back and now trading at Rs 141.5.
Its a buy call now with the SL of Rs 135, with the 2-3 days target of Rs 146,  for 1 - 2 week target of Rs 151,  if shock closes above 152 on daily chart next target is Rs 160.
If you are long term investor then buy you can buy at this level with stop loss of Rs 130 and target of 180 and closing above 180 on weekly chart, next target is 200 - 220.
Note - Investing share is subject to market risk, always trade with strict stop loss and book profit also keep eyes on any news related to company you have invested.
This buy call is purely suggested based on technical charts.


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