Current Technical Trend
The stock is trading around ₹105–106.
The short- to medium-term trend remains weak to neutral, with price below several important moving averages. RSI is around 42–46, indicating weak momentum but not deeply oversold.
Key Support Levels
₹104–105: Immediate support.
₹102–103: Strong support zone.
₹99–100: Major support. A break below this could increase selling pressure.
Key Resistance Levels
₹106–107: Immediate resistance.
₹110–112: Strong resistance zone.
₹118–120: Major breakout level for a stronger uptrend.
Trading Strategy
Bullish scenario: A sustained close above ₹107–108 with strong volumes could lead to a move toward ₹112–118.
Bearish scenario: If the stock falls below ₹102, it may test the ₹99–100 support area.
Fundamental View
PNB's recent quarterly business update showed healthy growth in advances and overall business, although the share price weakened after the announcement, suggesting that short-term market sentiment remains cautious.
Overall view:
Short-term: Neutral to slightly bearish.
Medium-term: Wait for a breakout above ₹107–108 before expecting stronger upside.
Long-term: The banking sector remains fundamentally supported, but confirmation through price action is important.
If you're holding PNB, tell me:
your buy price,
quantity, and
whether you're a trader or long-term investor,
and I'll suggest suitable stop-loss and target levels.
The stock is trading around ₹105–106.
The short- to medium-term trend remains weak to neutral, with price below several important moving averages. RSI is around 42–46, indicating weak momentum but not deeply oversold.
Key Support Levels
₹104–105: Immediate support.
₹102–103: Strong support zone.
₹99–100: Major support. A break below this could increase selling pressure.
Key Resistance Levels
₹106–107: Immediate resistance.
₹110–112: Strong resistance zone.
₹118–120: Major breakout level for a stronger uptrend.
Trading Strategy
Bullish scenario: A sustained close above ₹107–108 with strong volumes could lead to a move toward ₹112–118.
Bearish scenario: If the stock falls below ₹102, it may test the ₹99–100 support area.
Fundamental View
PNB's recent quarterly business update showed healthy growth in advances and overall business, although the share price weakened after the announcement, suggesting that short-term market sentiment remains cautious.
Overall view:
Short-term: Neutral to slightly bearish.
Medium-term: Wait for a breakout above ₹107–108 before expecting stronger upside.
Long-term: The banking sector remains fundamentally supported, but confirmation through price action is important.
If you're holding PNB, tell me:
your buy price,
quantity, and
whether you're a trader or long-term investor,
and I'll suggest suitable stop-loss and target levels.
Hye Guys,Welcome to a professional trading journey built on precision, discipline, and smart money concepts.
📞 Phone: +91 93159 78955
💬 WhatsApp: wa.link/kdkejz
📩 Contact Mail: globalwolfstreet@gmail.com
📞 Phone: +91 93159 78955
💬 WhatsApp: wa.link/kdkejz
📩 Contact Mail: globalwolfstreet@gmail.com
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Hye Guys,Welcome to a professional trading journey built on precision, discipline, and smart money concepts.
📞 Phone: +91 93159 78955
💬 WhatsApp: wa.link/kdkejz
📩 Contact Mail: globalwolfstreet@gmail.com
📞 Phone: +91 93159 78955
💬 WhatsApp: wa.link/kdkejz
📩 Contact Mail: globalwolfstreet@gmail.com
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.