Thursday, June 10, 2010

Buy PNB for medium term investment

PNB (Punjab National Bank) has broken on the upside of the triangle formation. It is also trading close to its long term trend line - which makes it a good buying price. It can be bought anywhere between 990-1023 for medium term horizon. Some resistance is sen at 1045; but once it crosses that then it would be touching 52-week high and making new highs.

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