Punjab National Bank (PNB) appears to be entering a strong uptrend, supported by improving fundamentals and increasing momentum within the broader PSU banking space. With sector rotation favoring public sector banks, PNB stands out as a promising candidate poised to benefit from this shift.
Technicals are aligning with broader market sentiment, showing higher highs and strong volume accumulation. As PSU banks gain institutional and retail interest, PNB could be among the key beneficiaries in the upcoming leg of the rally.
Target: ₹112 (10–15% upside)
Stop-loss: Maintain a strict stop-loss at 5% below your entry to manage risk effectively.
This setup offers a favorable risk-reward ratio and aligns well with the ongoing bullish shake-up in the PSU banking sector.
Technicals are aligning with broader market sentiment, showing higher highs and strong volume accumulation. As PSU banks gain institutional and retail interest, PNB could be among the key beneficiaries in the upcoming leg of the rally.
Target: ₹112 (10–15% upside)
Stop-loss: Maintain a strict stop-loss at 5% below your entry to manage risk effectively.
This setup offers a favorable risk-reward ratio and aligns well with the ongoing bullish shake-up in the PSU banking sector.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.