Positional call – BUY PNB above 750 (closing basis) sl 710 target 800-860

if it not able to confirm its up move then we can see sell off below 710 level below 710 we may look for positional sell also for target of 680-650 levels.

Technical study – As per the trend-line study it has taken the support at recent low of 718 level and from there is has shown bounce so if it confirm the reversal by giving close above desire level for 2 days then only we can see more movement in stock.

bollinger band and STOCHASTIC also suggesting that its now out from oversold zone but still need confirmation of that by giving close in positive zone for 2 days.

Its also look like one candle island reversal pattern, as after a gap down candle next day it has given gap up candle.

over all study indicate that if stock able to close above desire level for 2 days then only we can see reversal in trend, but if its not confirming reversal and if break down level then we wish to take sell call also below given levels..