Sunday, 1 January 2017

Punjab National Bank-Hot Stock to Trade in 2017

Punjab National Bank


This stock is currently trading at Rs.115.45/- on NSE with good volume and trading above its 30 days important average volume. One should buy it with strict stoploss of Rs.114/- for intraday 1st target of Rs.119/-& 2nd target of Rs.122/-. Short term Investor should hold this stock with stoploss of Rs.102/- for short term target of Rs.132/- to Rs.135/-. This momentum in the stock may be continue. One should hold it patiently with above said stop-loss. In current scenario It is looking good. It's book value is itself Rs.183/- and it is trading below this level. This company is in Banks - Public Sector. It is giving regularly very good dividend. Risk reward ratio is looking very attractive at these level.

Discloser-


 I am not registered with SEBI and also not have any financial interest over any particular stock. Here  I share only my personal views and ideas of trading and investing in the Indian stock market. Before investing or trading one should consult his professional adviser or should take his own decision. I will not be responsible for any loss or profit due to trade or invest through effecting by my ideas or views. Before trading or investing one should apply his own mind or consult his professional financial adviser.
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