PNB - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.2

📊 Technical Analysis Summary

• Trend Status: Trending upward
• Current Price: ₹123
• RSI (68.3): Bullish — nearing overbought zone
• MACD (2.73): Positive crossover — momentum confirmed
• Volume: Above average (4.09 Cr vs 2.86 Cr) — strong participation
• DMA 50/200: Price above both (₹113 & ₹107) — bullish trend confirmation
• Bollinger Bands: Price near upper band — resistance likely near ₹124

📈 Entry & Exit Zones

• Support Levels: ₹118 / ₹113 / ₹107
• Resistance Levels: ₹124 / ₹130 / ₹140
• Optimal Entry: ₹118–₹120 (on minor pullback)
• Exit Target: ₹130–₹140 (if momentum sustains)

✅ Positive

• Strong MACD and RSI — bullish technical indicators
• Price above key moving averages — trend confirmation
• Low P/E (9.02) and PEG (0.13) — undervalued relative to growth
• High volume — strong market interest

⚠️ Limitation

• RSI nearing overbought — risk of short-term pullback
• Debt-to-equity ratio of 12.5 — high leverage risk
• ROCE (6.30%) — moderate capital efficiency

📉 Company Negative News

• High leverage and modest ROCE may concern long-term investors

📈 Company Positive News

• Quarterly PAT surged from ₹1,675 Cr to ₹4,904 Cr — 14% growth
• FII holding increased by 0.15%, DII by 0.48% — institutional confidence
• EPS of ₹13.6 and dividend yield of 2.36% — strong shareholder returns

🏢 Industry

• PNB operates in banking — cyclical and interest-rate sensitive sector
• Industry P/E is 7.98 — PNB trades slightly above peers
• Sector benefits from credit growth and economic recovery

🧾 Conclusion

• PNB is currently trending upward with strong technical momentum and institutional support
• Entry near ₹118 may offer upside toward ₹140 if momentum continues
• Valuation is attractive, but leverage and efficiency metrics warrant cautious optimism