in normal condition stocks keep oscillating around it's big moving average like 100 or 200 days.
unless something terrifying happened,
i looked pnb and observed that this stock is very much respectful towards its old supports and resistance.
also it looks like it is moving upside i channel. and its target is 200 ema
it has huge potential for up movement in case if it dint show any up trend indication we dont need to take but close monitor this pair give high reward 80 rs and 70 rs r best price
PNB has recently given multi year breakout above 169 and also made 52 week highs. Stock is trading above all DMA's . With favorable policies coming from the government for the PSU banks related to bankruptcy codes, mergers etc , many of them can be good trading bets.
Punjab National Bank (PNB or the Bank) is a public sector bank. The Bank provides various banking services, such as digital banking, personal banking, social banking, micro, small and medium enterprises (MSME) banking, agricultural banking, corporate banking, international banking or non-resident Indian (NRI), and financial services. The Bank operates through four segments: Treasury, Corporate/Wholesale banking, Retail banking and Other banking operations. The Banks digital banking services include PNB Retail Internet Banking, PNB Corporate Internet Banking, PNB Mobile Banking and PNB SMS Banking. Its personal banking services include savings fund account, fixed deposit schemes and cards. Its social banking services include financial inclusion and priority sector. Its corporate banking services include loan against future lease rentals and cash management services. Its financial services include insurance business, merchant banking, mutual funds and wealth management services.
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PNB
