PNB - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | PNB | Market Cap | 1,39,732 Cr. | Current Price | 122 ₹ | High / Low | 135 ₹ |
| Stock P/E | 8.60 | Book Value | 124 ₹ | Dividend Yield | 2.39 % | ROCE | 6.30 % |
| ROE | 14.2 % | Face Value | 2.00 ₹ | DMA 50 | 122 ₹ | DMA 200 | 114 ₹ |
| Chg in FII Hold | 0.26 % | Chg in DII Hold | 0.55 % | PAT Qtr | 5,100 Cr. | PAT Prev Qtr | 4,904 Cr. |
| RSI | 45.4 | MACD | 0.35 | Volume | 1,98,04,247 | Avg Vol 1Wk | 2,01,45,082 |
| Low price | 85.5 ₹ | High price | 135 ₹ | PEG Ratio | 0.12 | Debt to equity | 12.3 |
| 52w Index | 72.7 % | Qtr Profit Var | 13.1 % | EPS | 14.1 ₹ | Industry PE | 7.64 |
📊 Chart & Trend Analysis: PNB is trading at 122 ₹, exactly at its 50 DMA (122 ₹) and above its 200 DMA (114 ₹), showing short-term equilibrium with medium-term strength. RSI at 45.4 suggests neutral momentum, while MACD at 0.35 indicates mild bullish crossover. Bollinger Bands show price stabilizing near the mid-band, signaling consolidation with potential upside if volume sustains.
📈 Momentum Signals: Current volume (1.98 Cr.) is close to the 1-week average (2.01 Cr.), reflecting steady participation. RSI near neutral levels suggests balanced momentum. Sustained price action above 125–130 ₹ could trigger a breakout towards the 135 ₹ resistance zone.
🎯 Entry Zone: 118–122 ₹ (near 200 DMA support and neutral RSI)
🚪 Exit Zone: 130–135 ₹ (resistance near recent highs and upper trendline)
📌 Trend Status: Consolidating with bullish bias. A breakout above 130–135 ₹ would confirm trend continuation.
Positive
- Attractive valuation with P/E of 8.6 vs industry PE of 7.64.
- Dividend yield of 2.39% supports income investors.
- ROE at 14.2% indicates solid shareholder returns.
- Quarterly PAT growth from 4,904 Cr. to 5,100 Cr. (+13.1%).
- FII (+0.26%) and DII (+0.55%) holdings increased, showing institutional confidence.
Limitation
- High debt-to-equity ratio of 12.3 indicates leverage risk typical of PSU banks.
- ROCE at 6.3% reflects modest efficiency.
- Stock faces resistance near 135 ₹, limiting upside unless broken.
Company Negative News
- High leverage remains a structural challenge.
- Neutral RSI and flat MACD suggest limited immediate momentum.
Company Positive News
- Quarterly profit growth (+13.1%) highlights operational improvement.
- EPS of 14.1 ₹ reflects profitability.
- Strong 52-week performance index at 72.7% shows relative strength.
Industry
- Industry PE at 7.64 is slightly lower than PNB’s 8.6, suggesting fair valuation.
- Banking sector benefits from credit growth and government-backed reforms.
Conclusion
⚖️ PNB is consolidating with bullish bias, trading above its 200 DMA and supported by institutional inflows. Entry near 118–122 ₹ offers margin of safety, while exits around 130–135 ₹ align with resistance. Strong fundamentals and profit growth support medium-term upside, but high leverage and modest ROCE warrant cautious positioning until a breakout above 135 ₹ confirms trend continuation.