Saturday, December 15, 2012

Buy more of Punjab National Bank...more steam left.

Way back in Aug, I recommended buying PNB at around 720 levels - see original recommendation. This stock has now made it above 800 levels for the second time after my recommendation. All the targets suggested then are achieved.
Now there is another possibility of this stock rising further, once it decisively closes above 850-870 zone.
One can accumulate more or take fresh positions now with a closing stop loss at 700 (CMP 830).
Targets - 900/950/Higher in 3-6 months.

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