PNB - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

IntraDay Trade Rating: 3.8

PNB is shaping up as a decent candidate for tactical intraday action—though it’s not a high-momentum play today, its technical alignment and valuation strengths offer enough for short-term scalping or reversal setups.

📊 Technical Indicators & Price Action

RSI: 49.1 → Hovering just below neutral zone; poised for a break but not decisive.

MACD: +0.33 → Slightly positive; indicates mild accumulation but no strong rally signal.

Volume: 1.37 Cr vs Avg 1.54 Cr → Slightly below average, showing moderate participation.

📈 Trend Setup

CMP: ₹109

Trading above DMA 50 (₹108) and DMA 200 (₹104) → Bullish alignment, supporting dip-buying.

Support Zones: ₹107.5 and ₹105.8

Resistance Levels: ₹111 and ₹113.2

🛒 Intraday Trading Strategy

✅ If entering fresh trade

Buy Zone: ₹107.8–₹108.5 (during morning dip or flat consolidation)

Profit Targets

₹111 → near-term resistance

₹113.2 → breakout zone if volume exceeds 1.6 Cr and RSI crosses 51+

Stop-Loss: ₹105.4 (below DMA cluster)

🔁 If already holding

Hold Strategy

Stay in position if price sustains above ₹108.5 and RSI builds toward 50+

MACD crossover extension would reinforce momentum

Exit Guidance

Book partial profit near ₹111

Trail stop-loss to ₹108.5 if price breaks ₹113.2 for potential ₹114.5 swing

Exit entirely if price drops below ₹106.5 with rising volume and RSI reversal

📚 Fundamental Highlights

Strong EPS ₹16.1 and Low P/E of 6.80 → Attractive on valuation front

QoQ Profit Growth: +49.3% → Momentum backed by earnings

Book Value: ₹116 > CMP ₹109 → Undervalued technically

Debt/Equity: 12.6 → Typical for PSU banks, but worth monitoring macro rate impact

FII down, DII up → Mixed institutional sentiment

⚠️ Watchouts

RSI indecisive and MACD shallow → Avoid chasing unless breakout confirmed

Volume dip vs average may hold back rapid moves

Face resistance near ₹113–₹114; traders may book profit quickly

This stock is great for range scalping or bounce trades off support zones. Not your turbocharged mover—but if you’re hunting a safer setup with valuation backup, PNB ticks the boxes. Want me to scan other PSU banks for comparison or dig up high-RSI momentum stocks? Got a few waiting on the launch pad 🚀📉.

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