PUNJAB NATIONAL BANKHello & welcome to this analysis
In July 2025 it activated a bearish Harmonic Butterfly pattern at 115 that lead to its current decline at 38 Fibonacci of its rally.
Going forward it could continue to decline till 100 where it would likely form two bullish Harmonic patterns - Shark & ABCD around the 50 Fibonacci retracement.
It has resistance now between 110 - 108 from where it fell with heavy volumes couple of days back.
All the best
Regards
