Time For PNB only for LONG TERM ( FUNDAMENTALS)
Positive:-
1. ROE Saw Positive Digits of 1% From Negative Digits Of Around 24% From Last 2 Years
2. Reserves increasing continuously
3. Stock Is Traded At 0.66% of it's Book Value
4. Deposit accounts have continuously increase
5. GOI Holds 76.87% Stake In March 2021
6. Mutual Funds Have Increase Holding From 0.6% To 0.92% In March 2021
7. No Pledge Shares
8. Net NPA Decreasing Quarter on Quarter
Entered For LONG TERM It is Worth Buying
Huge Volumes seen since October 2020 On Weekly Or Monthly Charts
ENTRY-1 CMP 37
ENTRY-2 30 to 33 Range
SL-25
Target:- 45, 50 for Short Term
Target:- 75, 90 or 100 for Long Term
Positive:-
1. ROE Saw Positive Digits of 1% From Negative Digits Of Around 24% From Last 2 Years
2. Reserves increasing continuously
3. Stock Is Traded At 0.66% of it's Book Value
4. Deposit accounts have continuously increase
5. GOI Holds 76.87% Stake In March 2021
6. Mutual Funds Have Increase Holding From 0.6% To 0.92% In March 2021
7. No Pledge Shares
8. Net NPA Decreasing Quarter on Quarter
Entered For LONG TERM It is Worth Buying
Huge Volumes seen since October 2020 On Weekly Or Monthly Charts
ENTRY-1 CMP 37
ENTRY-2 30 to 33 Range
SL-25
Target:- 45, 50 for Short Term
Target:- 75, 90 or 100 for Long Term