Punjab National Bank Chart Analysis with Targets
PNB Support and Resistance for Invesment and Positional Trading
For Punjab National Bank's (PNB) current chart analysis, the major support level is around ₹90, indicating a key price floor that could prevent further declines. This level has been established based on past lows and acts as a safety net if the stock price falls.
The first target for PNB is set at ₹129, which represents a bullish upward trend from current levels. This target may be reached if PNB breaks above its resistance and sustains positive momentum.
The second target is set at ₹140, a further potential upside based on technical analysis. This target is achievable if the stock continues to gain strength after breaking the ₹129 resistance.
This analysis is supported by historical price action and key technical indicators like support/resistance levels, moving averages, and relative strength.
For Punjab National Bank's (PNB) current chart analysis, the major support level is around ₹90, indicating a key price floor that could prevent further declines. This level has been established based on past lows and acts as a safety net if the stock price falls.
The first target for PNB is set at ₹129, which represents a bullish upward trend from current levels. This target may be reached if PNB breaks above its resistance and sustains positive momentum.
The second target is set at ₹140, a further potential upside based on technical analysis. This target is achievable if the stock continues to gain strength after breaking the ₹129 resistance.
This analysis is supported by historical price action and key technical indicators like support/resistance levels, moving averages, and relative strength.
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