PNB Buy
PNB completed its last impulse wave on 19 Jan 2026 and has been undergoing correction in the form of a zigzag.
Zigzag is one of the three primary forms of corrective structures under Elliott Wave Principle with a 5-3-5 sequence, numbered as ABC which results in deep correction. In a zigzag one of the corrective structures (Wave A or Wave C) generally will be larger and the other one would be smaller or they can be equal too. However, Wave C has to form a lower low than Wave A.
Wave A got completed on 1 Apr as a long structure 5-wave sequence
Wave B got completed on 22 Apr
Wave C got completed as a small as a short structure 5-wave sequence on 18 May. Wave 5 got concluded at 38.2% of Wave (1-3) as given in the chart. Wave C also formed a lower low.
Further to this, the stock formed a lower degree W1 extn @ 78.6% of principle wave and also has completed its correction.
One may consider going long on PNB with a stop loss of below 97. Hold the stock as it can deliver minimum 100% return.
In-depth trading ideas
Punjab National BankCurrent Technical Trend
The stock is trading around ₹105–106.
The short- to medium-term trend remains weak to neutral, with price below several important moving averages. RSI is around 42–46, indicating weak momentum but not deeply oversold.
Key Support Levels
₹104–105: Immediate support.
₹102–103: Strong support zone.
₹99–100: Major support. A break below this could increase selling pressure.
Key Resistance Levels
₹106–107: Immediate resistance.
₹110–112: Strong resistance zone.
₹118–120: Major breakout level for a stronger uptrend.
Trading Strategy
Bullish scenario: A sustained close above ₹107–108 with strong volumes could lead to a move toward ₹112–118.
Bearish scenario: If the stock falls below ₹102, it may test the ₹99–100 support area.
Fundamental View
PNB's recent quarterly business update showed healthy growth in advances and overall business, although the share price weakened after the announcement, suggesting that short-term market sentiment remains cautious.
Overall view:
Short-term: Neutral to slightly bearish.
Medium-term: Wait for a breakout above ₹107–108 before expecting stronger upside.
Long-term: The banking sector remains fundamentally supported, but confirmation through price action is important.
If you're holding PNB, tell me:
your buy price,
quantity, and
whether you're a trader or long-term investor,
and I'll suggest suitable stop-loss and target levels.
Punjab National BankHello Traders In my point of view Punjab National Bank appears to be forming a bullish harmonic setup with a projected target around rupee 128 with strong trading volumes, bullish EMA crossover and an RSI above 60 reinforce the bullish outlook and indicate sustained buying interest.
PNB Projection : Short to long TermPrice Action: The stock has transitioned from a bearish phase (Lower Highs/Lower Lows) into a consolidation zone. It is currently respecting a support floor around ₹108.
The "Wall": A prominent Monthly Trendline (descending) is acting as the primary overhead resistance. Until this is breached, the stock remains in a "sell on rise" environment for short-term traders.
Current Setup: Price is hovering just below the Primary Resistance (₹115.25). A breakout here would signal a shift in momentum from bears to bulls.
Entry (Buy Above) ₹115.25
Stop Loss (SL) ₹107.80
Primary Target ₹123.25
Full Target ₹135.35
The Safe Entry: Wait for a daily candle to close above ₹115.25. Entering prematurely may trap you in a sideways churn.
The banking sector is sensitive to interest rate cycles and quarterly NPA reporting. If the stock falls below ₹107, the bullish thesis is invalidated, and the stock could head toward the ₹100–₹98 support zone. Always respect the Stop Loss.
Disclaimer: aliceblueonline.com/legal-documentation/disclaimer/
Punjab National BankDate 23.02.2026
Punjab National Bank
Timeframe : Monthly Chart
Business Segments
(1) Corporate/Wholesale Banking: 42%
(2) Treasury: 29%
(3) Retail Banking: 27%
(4) Others: 2%
Key Ratios
(1) GNPA: 4.09%
(2) NNPA: 0.41%
(3) PCR: 96.77%
(4) CRAR 15.41%
(5) Yield on Advances: 8.38%
(6) Cost of Deposits: 5.24%
(7) NIM: 2.93%
Branch Mix:
(1) Rural: 39%
(2) Semi-Urban: 25%
(3) Urban: 20%
(4) Metro: 16%
As of Q3 FY25, the total global advances stood at Rs. 11,10,292 Cr
Advances Mix:
(1) Retail: 25%
(2) Agriculture: 17%
(3) MSME: 15%
(4) Corporate & Others: 43%
(1) CAR/CRAR: 16.77%
(2) Common Equity Tier-1 (CET-1) Ratio: 12.52%
(3) Debt to Equity Ratio: 12.6x
(4) Provision Coverage Ratio: 96.99%
(5) Liquidity Coverage Ratio: 117%
(6) CASA Ratio: 37.1%
(7) Return on Assets: 1.06%
Regards,
Ankur Singh
Rounding Bottom pattern in Punjab National Bank (PNB)Punjab National Bank (PNB)
Structure: Rounded Bottom Formation
-Breakout Level: 133.50
-Target: 183
-Stop Loss: 117.50
Why it matters:
Multi-month base complete. Volume expansion visible on rallies. If PSU Banks continue leadership, this can expand structurally.
Risk: Failure to sustain above 133 zone turns it into range-bound continuation.
PNB : 121% Gain Possible in near to Mid term Hi friends,
Target & Stoploss are mentioned on the self explanatory chart .
PNB has delivered all time high net profit and sales. But the stock is well below from its all time high.
Please follow what Technical chart & analysis is conveying .
PNB is a central government backed bank and currently it is reversal phase in terms of chart pattern.
Higher-High & Higher-Low getting formed in longer time-frame like Weekly & monthly chart .
Please feel free to comment or share your views on my analysis .
Note : I am not SEBI registered advisor . Please consider my analysis for education purpose only .
PNB — Rotation Before ExpansionCMP: 124.9
On the higher timeframe, the structural low near 40 marked the end of the long distribution phase. Since then, price has been printing higher highs and higher lows — classic trend transition.
On the daily, the recent pullback into the 119–120 zone held cleanly. That area now acts as demand. The sharp bounce from that pocket signals accumulation, not relief.
Short-term averages are turning up.
Momentum is rebuilding above reclaimed support.
Supply near 130–136 is being tested again.
Trade Framework
Bias: Upside continuation
Key Support: 118 (structural invalidation on closing basis)
Primary Objective: 136
Above 136, the expansion leg opens toward 150+.
As long as 118 holds, dips are absorption — not weakness.
The structure favors higher prices.
Risk defined.
Trend aligned.
PNB right now inside a demand zonePNB is currently sitting at a critical juncture on the 15-minute timeframe. After a sharp correction from the ₹135 levels, the price has landed directly into a Decisive Demand Zone (₹119.50 – ₹120.60). Historically, this zone has acted as a strong "springboard" for the stock, attracting buyers and halting previous declines.
Price is currently testing the lower boundary of this zone. A reversal or a breakdown here will likely dictate the trend for the final week of January.
Bullish Case (Buy): If price sustains above the zone and breaks with a spike in volume, then target: ₹124
Bearish Case (Sell): If price closes decisively below ₹119.30 on the 15-min candle, then target: ₹116
This analysis is for educational purposes only. Please consult your financial advisor before trading.
India–US Trade Deal: Implications on MarketsIntroduction
India and the United States share one of the most strategically important economic relationships in the world. As the largest democracy and the largest economy respectively, both nations have steadily expanded trade, investment, and technology cooperation over the past two decades. A potential or evolving India–US trade deal—whether in the form of sector-specific agreements, tariff reductions, or broader strategic trade frameworks—has significant implications for equity markets, currency markets, bond yields, and sectoral performance in both countries. For investors, traders, and policymakers, understanding these implications is crucial.
1. Background of India–US Trade Relations
India and the US are major trading partners. Bilateral trade in goods and services has crossed USD 190 billion in recent years and continues to grow. The US is among India’s largest export destinations, while India is a key sourcing and services hub for American companies.
Key areas of engagement include:
Information Technology and digital services
Pharmaceuticals and healthcare
Defense and aerospace
Energy (LNG, renewables)
Semiconductors and high-tech manufacturing
A trade deal aims to reduce trade barriers, enhance market access, and improve supply-chain resilience, particularly amid global geopolitical realignments.
2. Equity Market Implications in India
a) Positive Sentiment and Valuation Re-rating
A favorable India–US trade deal is typically viewed as market-positive for Indian equities. Improved access to the US market boosts export-driven revenues, strengthens corporate earnings visibility, and often leads to valuation re-rating, especially in globally linked sectors.
Foreign institutional investors (FIIs) tend to respond positively to trade certainty, which can lead to:
Increased capital inflows
Higher liquidity in large-cap stocks
Reduced risk premium for Indian assets
b) Sectoral Winners in Indian Markets
1. Information Technology (IT):
Indian IT companies are direct beneficiaries. A stable trade framework reduces visa uncertainties, supports outsourcing demand, and enhances long-term contracts with US clients. Large-cap IT stocks often outperform during such developments.
2. Pharmaceuticals:
India is a global supplier of generic medicines to the US. Regulatory alignment, faster approvals, and lower trade frictions improve margins and volume growth for pharma exporters.
3. Manufacturing and PLI-linked Sectors:
Trade cooperation aligned with “China+1” strategies supports Indian manufacturing in electronics, auto components, and specialty chemicals. This benefits mid-cap and small-cap manufacturing stocks.
4. Defense and Aerospace:
Joint production and technology transfer agreements encourage capital expenditure and long-term order books for Indian defense companies.
c) Short-Term Volatility Risks
Markets may experience short-term volatility during negotiations due to:
Tariff disputes
Agricultural and dairy market disagreements
Intellectual property concerns
However, long-term investors generally view such volatility as a buy-on-dips opportunity.
3. Impact on US Equity Markets
For US markets, an India–US trade deal offers:
Access to one of the world’s fastest-growing consumer markets
Cost-efficient supply chains
Expanded services exports
US multinational companies in technology, defense, energy, and consumer goods benefit from higher revenue diversification. However, the impact on US indices is more diffused compared to India, given the larger size of the US economy.
4. Currency Market Implications (INR–USD)
a) Strengthening of Indian Rupee (INR)
Improved trade flows and foreign investment inflows can support the Indian rupee in the medium term. Key drivers include:
Higher dollar inflows from exports
Increased FDI and portfolio investments
Improved current account outlook
A stable or moderately stronger INR reduces imported inflation and supports macroeconomic stability.
b) RBI Intervention and Stability
Despite positive trade developments, the Reserve Bank of India (RBI) may intervene to prevent excessive currency appreciation to protect export competitiveness. As a result, currency movements are likely to remain orderly rather than sharply directional.
5. Bond Market and Interest Rate Implications
a) Lower Risk Premium
Trade certainty with the US improves India’s sovereign risk perception, which can:
Lower government bond yields
Attract long-term foreign bond investors
Support India’s inclusion in global bond indices
b) Impact on Corporate Bonds
Export-oriented companies with dollar revenues benefit from better cash-flow predictability, improving their credit profiles. This can narrow credit spreads and encourage corporate borrowing for expansion.
6. Foreign Direct Investment (FDI) and Capital Flows
An India–US trade deal signals policy stability, a key requirement for long-term FDI. Areas likely to see increased investment include:
Semiconductor fabrication
Renewable energy
Electric vehicles
Digital infrastructure
Higher FDI strengthens India’s capital formation cycle, supporting GDP growth and corporate earnings over multiple years.
7. Strategic and Geopolitical Market Implications
a) Supply Chain Realignment
Global investors increasingly favor countries aligned with US trade and security frameworks. India’s strategic positioning as a democratic alternative manufacturing hub enhances its attractiveness in global portfolios.
b) Reduced Dependence on Single Markets
A stronger India–US trade relationship reduces overdependence on any single geography, improving economic resilience and lowering systemic risk for markets.
8. Challenges and Risks to Watch
Despite positive implications, certain challenges remain:
Protectionist pressures in both countries
Agricultural market access disputes
Labor and environmental compliance costs
US domestic political cycles affecting trade policy
Markets may react negatively if negotiations stall or if protectionist rhetoric resurfaces.
9. Long-Term Market Outlook
From a long-term perspective, the India–US trade deal supports:
Sustained earnings growth for export-oriented sectors
Improved macroeconomic stability
Higher global integration of Indian capital markets
For equity investors, this reinforces the structural India growth story, while for traders it creates sector-specific opportunities aligned with policy developments.
Conclusion
The India–US trade deal represents more than a bilateral economic arrangement—it is a strategic market catalyst. Its implications span equities, currencies, bonds, and capital flows, with India emerging as a major beneficiary due to its growth potential and export competitiveness. While short-term market volatility may arise from negotiation dynamics, the long-term impact remains constructively bullish for Indian markets. For investors, aligning portfolios with sectors and companies positioned to benefit from enhanced India–US trade cooperation can offer meaningful returns in the years ahead.
PNB Ready to touch ATH 225+ in next 1.5-2 Years timeframePNB Ready to touch ATH 225+ in next 1.5-2 Years timeframe
Fundamentals:
Stock is trading at 1.07 times its book value
Company has delivered good profit growth of 111% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 19.2%
Technical:
Chart has been forming rounding bottom on Monthly chart & is on breakout levels. Move above 145 will take the stock to 225+ Levels.
Timeframe - 1.5-2 Years
Earning potentials - 60%+
Happy Investing.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Cup & Handle Breakout in PNB
BUY TODAY SELL TOMORROW for 5%
Buying idea in PNBPNB is going to break almost Oct 2010 trendline in Monthly chart which is almost 16 years. RSI on D+W+M is above 60 which indicating that the momentum is also in favour. Moreover the PSU bank sector is also very strong. If we see the chart from 2017 to till date, it is like a cup and handle pattern. The stock has crossed its 200 DMA on monthly chart and sustained above it.
PNB: Buy on Retest Level1. PNB has been an underperformer for a long time.
2. Looking at the strength at the current price, the buying opportunity appears attractive with a very small stop-loss.
3. This is not a very high-conviction setup since there is an overhead trendline resistance.
4. Since the risk is minimal, it is worth taking the opportunity. If it reverses, we accept the stop-loss and move on.
⚠️ Disclaimer: This is NOT a buy/sell recommendation for learning ONLY. Views are personal. Please, do your due diligence before investing. ⚠️
🔥 Happy Trading! 🚀
PNB 1 Day Time Frame 📊 Daily Support & Resistance Levels
These are common pivot-style levels based on recent price action — good for short-term intraday/next-day reference:
Pivot (Daily Reference Zone): ~₹123.5-₹124 range (approximate)
Resistance Levels (Upside Targets)
R1: ~₹124.9–₹125.0 — first resistance zone near recent pivot upside.
R2: ~₹127.1–₹127.2 — higher resistance zone on daily.
R3: ~₹128.4–₹128.5 — extended resistance near recent highs.
Support Levels (Downside Barriers)
S1: ~₹121.5–₹121.8 — immediate support close below pivot.
S2: ~₹120.2–₹120.7 — secondary support zone.
S3: ~₹118.0–₹118.0+ — deeper support if price weakens.
📉 Other Short-Term Levels From Recent Technical Tools
Pivot-based support (Choice India): ~₹101.7, ~₹100.5, ~₹98.4 — longer-range levels (not daily but multi-session reference).
Bollinger bands (approx high/low daily bands): ~₹124.6 upper, ~₹115.0 lower.
🧠 Context from Indicators
RSI around mid-range (~50–65), suggests no extreme in daily momentum right now.
Moving average support around 50/100-day range (₹120–₹117) can act as dynamic support zones.
📌 How to Use These Levels
Bulls watch: Break above R1 (~₹125) for continuation toward R2/R3 (~₹127-128).
Bears watch: If price breaks below S1 (~₹121.5), next support comes around S2/S3 (~₹120 / ~₹118).
Pivot levels near ₹123-124 act as a short-term sentiment line — above is bullish, below is cautious.
Part 3 Institutional Trading Psychological Side of Options Trading
Option trading demands:
Patience
Discipline
Position sizing
Emotional control
Common psychological traps:
1. Overtrading
Options move fast; traders chase too many trades.
2. FOMO
Buying OTM options expecting big moves.
3. Holding losers
Time decay accelerates losses.
4. Unrealistic expectations
Expecting to turn 1000 into 1 lakh daily.
5. Revenge trading
After losses, traders take random trades.
Punjab National Bank: A Technical Setup Worth WatchingPunjab National Bank is trading at ₹122.80 and nearing a test of its long-term downtrend line on the monthly chart. With RSI climbing back above 60, the stock is showing signs of renewed bullish momentum.
Punjab National Bank (PNB), one of India’s leading public sector banks, is currently presenting an intriguing technical setup that could serve as a valuable case study for traders and investors. As of early November 2025, the stock is trading around ₹122.80 and is approaching a critical juncture on its monthly line chart—a potential test of its long-term downtrend line.
🔹 The Downtrend Line: A Barrier to Watch
In technical analysis, a downtrend line connects a series of lower highs and acts as a dynamic resistance level. When a stock approaches this line, it often faces selling pressure. However, if the stock manages to break above and sustain beyond this line, it signals a potential reversal in trend—from bearish to bullish.
PNB’s current price action suggests it is close to challenging this long-term resistance, which has historically capped upward movement. A successful breakout would not only mark a technical victory but could also shift investor sentiment in favor of the stock.
🔹 RSI Momentum: Strength Rebuilding
The Relative Strength Index (RSI) is a momentum indicator that helps gauge the strength of price movements. PNB’s RSI has already traded above 70 once, indicating strong bullish momentum in the recent past. Although it pulled back, it has now rebounded above 60, suggesting that buying interest is returning.
This RSI behavior is significant. A move above 50 typically signals bullish territory, and a climb toward 70 reflects increasing strength. In the context of a potential trendline breakout, this momentum could provide the necessary fuel for a sustained upward move.
🧠 Educational Insights
Trendline Tests on Higher Timeframes: Monthly charts offer a broader view of market sentiment. A breakout on this timeframe carries more weight than short-term fluctuations.
Momentum Confirmation: RSI above 60, especially after a prior move above 70, indicates that the stock is regaining strength. This supports the case for a breakout rather than a rejection.
Price-Action Focus: Watching how the stock behaves around the downtrend line—whether it consolidates, spikes, or pulls back—can offer clues about the next move.
📌 Learners Takeaway
Punjab National Bank’s current setup is a classic example of a stock approaching a technical inflection point. With the price near ₹122.80 and RSI showing renewed strength, traders should monitor the monthly chart closely. A confirmed breakout above the long-term downtrend line could signal a major trend reversal, offering potential upside for those positioned early.
Live chart Example to keep Track
PNB 1 Month Time Frame 📊 Key price data
Latest close: ₹116.94 (approx)
52-week high: ~ ₹120.20
1-month range: roughly ₹112-₹124
🧭 Support & Resistance Levels
Support zone: ~ ₹112-₹114 — recent monthly lows around ₹112.02.
Resistance zone: ~ ₹123-₹124 — recent highs in that band.
Resistance zone: ~ ₹123-₹124 — recent highs in that band.
PNB 1 Week Time Frame 📈 PNB Stock Performance (1-Week Overview)
As of October 23, 2025, PNB's stock has shown positive movement:
Current Price: ₹118.91
1-Week Change: +2.41%
52-Week Range: ₹85.46 – ₹120.20
Technical analyses suggest a bullish trend, with potential targets ranging from ₹110 to ₹145, contingent on sustaining above key support levels
#PNB | Inverse Head & Shoulders Bullish SetupCMP: 113.70
🔼 Key Resistance Levels: 118 / 120 / 143
🔽 Key Support Levels: 113.30 - 110.50 / 107.30
❌ Invalidation Level: 100.60 (Weekly Close Below)
✴️ Breakout Point: Weekly close above the neckline (Pink dotted line) 👀
🎯 Pattern Target: 145 (+27% from CMP)
#PNB | #InverseHeadAndShoulders | #ChartPatterns | #PriceAction | #SwingTrading
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.






















