“Ask and it will be given to you; seek and you will find; knock and the door will be opened to you. For everyone who asks receives; the one who seeks finds; and to the one who knocks, the door will be opened. Matthew 7:7-8

5 Aug 2018

SHARE MARKET--Is this the right time to buy PNB shares at 90 around?

PNB stock is trading near its long term support level of around 70 levels. If you are able to enter near this price level, this it provides a better ratio for the short term trader.

Every time PNB stock falls near its support level, there is always a buying pressure witnessed, if the bounce back happens, it can take the stock to near term resistance level of Rs.120 ,if you are a short term trader then its a good level to enter for quick gains, but if the stock starts going down, then Rs.60 should be kept as stop loss, breaking which the stock can correct further.
Wish you good luck.

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