🏦 Punjab National Bank – Approaching Key Breakout Zone

📊 Technical View Support: Stock took support at ₹95–97 (0.5 Fib level). Resistance: Facing hurdle near ₹113 (0.786 Fib level). Pattern: Consolidation in a rectangle range (₹103 – ₹113). Volumes: Rising green candles with strong volumes = accumulation. Indicators: Sustaining above 200 EMA (₹95), RSI improving = bullish bias. 📈 Trade Setup Buy above: ₹113 (weekly close) Targets: ₹125 / ₹140 Stop Loss: ₹103 🏦 Fundamental View PSU bank sector remains strong with robust credit growth. PNB improving asset quality (lower NPAs) and rising profitability. Supported by government push & sector rotation in PSU banks. ⚡ View: A decisive breakout above ₹113 could trigger a strong rally towards previous highs.