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⋅ Wow, today thursday 27th May at closing, this dark horse has really galloped +7% and already hit the target of 42.5.
Well, to be precise its missed the target by a full 0.10paise :-)
It will be interesting to see it move from here on.
Post tomorrow's weekly closing, shall evaluate furthur targets and action.
Caveat:
Considering todays volume, PNB usually has had a tendency to reverse sharply in such scenarios. This does not mean it will always do the same.
Question is tomorrow will it continue its ride and hit 46.25 (+9% from CMP)
OR take resistance and begin a reversal deom 42.50 zone.