PNBHOUSING - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.4

Here’s a detailed technical analysis of PNB Housing Finance Ltd (PNBHOUSING)

📊 Trend Analysis

Current Trend: The stock is in a mild downtrend. It’s trading slightly below its 50-DMA (₹868) and well below its 200-DMA (₹917), indicating weakening momentum.

52-Week Positioning: At 29.1% of its 52-week range (₹746 – ₹1,142), the stock is near its lower quartile, suggesting underperformance and limited upside unless a reversal occurs.

📈 Momentum Indicators

RSI (61.0): Slightly bullish. Indicates moderate strength but not yet overbought. Could support a short-term bounce.

MACD (-4.51): Bearish crossover. Momentum is weakening, and trend reversal is not confirmed.

Volume: Current volume (21.77L) is above 1-week average (16.42L), suggesting active participation but likely driven by selling pressure

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📉 Chart Patterns & Moving Averages

Price Action: The stock has failed to hold above its 50-DMA and is struggling to reclaim the 200-DMA, showing resistance near ₹870–₹880.

Support Levels

₹840 (recent swing low)

₹800 (psychological support)

Resistance Levels

₹868–₹880 (DMA cluster)

₹900–₹920 (previous breakdown zone)

📌 Bollinger Bands

Price is near the middle band, with narrowing bands indicating low volatility. No breakout signal yet.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 800–840 Near support, favorable risk-reward

Exit (Short) 870–880 Resistance zone, near 50-DMA

Exit (Long) 920–950 If breakout sustains above 200-DMA

🔍 Market Behavior

Trending: No, currently consolidating below key averages.

Reversing: Not yet. MACD and price action suggest continued weakness.

Consolidating: Yes, price is range-bound with mixed volume and neutral indicators

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🧠 Summary

PNBHOUSING is technically neutral to weak, consolidating below its moving averages. RSI shows mild strength, but MACD and price action suggest caution. Traders should wait for a breakout above ₹880 with volume confirmation or accumulate near ₹800 with tight stop-losses.

Sources

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smartoptions.trendlyne.com

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in.investing.com

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www.tradingview.com

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