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Technicals for Punjab National Bank
By MusingTheNews
2025-10-17 20:52
Overall Technical outlook
Price Summary
A -2.11% slide in Punjab National Bank's stock marked an poor day on the market. On 2025-10-17, Punjab National Bank's stock opened at 116.15, reached a high of 116.73, dropped to a low of 112.75, and closed down -2.11% at 113.7, with a trading volume of 16737359 shares. During the past 52 weeks, the highest stock price was 117.24, and the lowest was 86.9. 18 analysts forecast that the price of PNB will range from 90.0 to 130.0, with an average expected price near 114.88889.
Technicals
Support and Resistance: At 113.7, the price is supported at 110.18 and faces resistance at 113.85. This range suggests that the price for PNB might stay between these levels, with 110.18 acting as a floor and 113.85 as a ceiling. Support/Resistance for PNB
Aroon: The AROON is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for PNB, with no strong trend emerging. Aroon chart for Punjab National Bank
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Bolinger Bands chart for Punjab National Bank
Parabolic SAR: The PSAR for PNB continues to be bullish, establishing a crucial support level that may help maintain the current upward trend. This level of support suggests that the market is poised to continue its positive trajectory, offering a foundation for further growth. Parabolic Stop and Reverse chart for Punjab National Bank
Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Stochastic chart for Punjab National Bank
Tripple Moving Agerage: The 20, 50, and 100 moving averages for Punjab National Bank are currently aligned in a bearish formation, signaling a downtrend. However, the wavering slopes of the 20 and 50 SMAs suggest that this bearish momentum may be weakening. This could indicate an upcoming shift towards bullish price action, as the loss of downward momentum might lead to a potential reversal in the market's current trend. Tripple SMA chart for Punjab National Bank
A thorough analysis of a company involves looking at both its fundamentals and technical data. The fundamentals, including revenue, profitability, and management quality, offer insight into the company's long-term value. Additionally, understanding the broader industry context, such as market competition and regulatory challenges, helps to better interpret the company's stock performance. By combining both fundamental and technical analysis, you can derive more meaningful inferences about the company's future prospects.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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