PNB - Technical Analysis

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

Technical Rating: 3.5

Here’s a detailed technical analysis of Punjab National Bank (PNB) based on the provided data and current market indicators

📊 Trend Overview

Current Trend: Consolidating with mild bullish bias

Price is trading above both 50 DMA (₹108) and 200 DMA (₹104) — a positive sign for trend continuation.

RSI at 49.1 suggests neutral momentum, with room to strengthen.

MACD at 0.33 shows a weak bullish crossover — momentum is building but not yet strong.

📈 Chart Patterns & Indicators

Moving Averages

Price above key DMAs → mild bullish bias

Short-term averages (MA5–MA20) show Buy signals, while MA50–MA200 are mixed

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RSI (14): 49.1

Neutral zone; no overbought or oversold signal

MACD (12,26): 0.33

Bullish crossover, but momentum is still weak

Volume Trends

Current volume (1.37 Cr) is below 1-week average (1.53 Cr), indicating low conviction

Bollinger Bands

Price likely near mid-band; no breakout or squeeze signal

🔍 Momentum Signals

Short-Term Momentum: Mild bullish

ADX (14): ~42 (indicates a strengthening trend)

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Stochastic RSI: Overbought zone — caution for short-term pullback

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📌 Support & Resistance Zones

Level Price (₹)

Support 1 108.55

Support 2 107.77

Resistance 1 109.33

Resistance 2 110.11

Resistance 3 112.49

Derived from pivot point and Fibonacci levels

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🎯 Optimal Entry & Exit Zones

Entry Zone: ₹107.5–₹108.5 (if price pulls back and RSI holds)

Exit Zone: ₹110.5–₹112.5 (if price breaks resistance with volume)

🧭 Conclusion

Trend: Consolidating with bullish undertone

Momentum: Building slowly

Volatility: Moderate

Suggested Action: Watch for breakout above ₹109.3 with volume for bullish confirmation. If price dips near ₹107.7, it may offer a low-risk entry.

Want to explore how PNB stacks up against other PSU banks like SBI or Bank of Baroda? I can help you compare technicals or fundamentals side by side.

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in.investing.com

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www.moneycontrol.com

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