An in-depth analysis of the current exchange rate dynamics of the Indian...
Technicals for Punjab National Bank
By MusingTheNews
2025-09-04 20:39
Overall Technical outlook
Price Summary
On 2025-09-04, PNB's stock opened at 104.8, reached a peak of 105.19, dropped to 103.18, and ended -1.32% lower at 103.42, with a volume of 6204923 shares. The stock's highest price in the past 52 weeks is 114.97, while its lowest price during the same period is 86.9. The expected price range is between 90.0 and 130.0, with a mean anticipated price of 114.88889, according to 18 analysts.
Technicals
Support and Resistance: The price of 103.42 is supported at 103.38 and capped by resistance at 105.82. These levels mark key points for Punjab National Bank where the price could find stability, with 103.38 as a floor and 105.82 as a ceiling. Support/Resistance for PNB
Aroon: The AROON is currently in a neutral position for Punjab National Bank, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Aroon chart for Punjab National Bank
Bol. Bands: The BOLL BANDS is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Bolinger Bands chart for Punjab National Bank
Parabolic SAR: The PSAR remains bearish, reinforcing a resistance level that could restrict any upward movement. This resistance indicates that the market may remain under bearish control, with limited potential for gains. Parabolic Stop and Reverse chart for Punjab National Bank
Stochastic: The current state of the STOCHASTIC is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Stochastic chart for Punjab National Bank
Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral stance, not indicating a clear upward or downward trend for Punjab National Bank. This suggests a period of market balance, where neither side is showing dominance. Tripple SMA chart for Punjab National Bank
To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.
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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