Matthew 22:37-40 Jesus said unto him, Thou shalt love the Lord thy God with all thy heart, and with all thy soul, and with all thy mind. This is the first and great commandment. And the second is like unto it, Thou shalt love thy neighbour as thyself. On these two commandments hang all the law and the prophets

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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