PNB Long Term Investment Analysis
PNB Stock was trading at 230rs Highest and when the news came about Nirav Modi then the downtrend of PNB start and the stock started falling and it breaks all the Support Level And the Stock was in a downtrend for the long term and it took Support at 58rs and traded that level for a long time and from that level, it gave upside move and break the first resistance level of 90rs and it moves up to 100rs And then from there again it came down up to 60rs and traded that level after that corona news came then all the company share fallen from there and PNB also came in a downtrend and made a low of @26.35rs and now from weekly chart PNB Support Level And lowest point is @26.35rs and now the current market price of PNB is @34.45rs now one can make long term investment view in PNB
One can buy PNB at the current market price and keep a stop loss of 26.35rs and make a long position according to the Daily chart PNB already Break Resistance of 20,50 and 100 EMA Level which means the chart clearly saying that one can make long term investment view in PNB.
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