140 % upside potential in Punjab and Sind BankCurrently price is ranging around important key level.
Multiple patterns are forming on this chart such as triangle, pole & flag and a big cup with handle.
The huge volume activity since November 2022 till now indicates more towards its upside potential.
Only 1.75 % of the shareholding is with DII & Public, remaining 98.25 % is retained by the promoters.
Today price closed just above the yellow trendline resistance with huge volume.
Good to buy at CMP with Stop Loss at 30.70 for the following targets
Short term swing target of 50+ (50% ROI with 1:6.4 R:R)
Long term positional target of 80+ (140 % ROI with 1:18 R:R)
Reason to trade is turn around is happening as the fundamentals are improving since FY '22.
Do your own due diligence before taking any action.
Peace!!
