PNB

- Imminent breakout

Punjab National Bank stock is approaching a major resistance near ₹115 after forming higher lows, indicating potential for a breakout. The price action is consolidating in a bullish structure, but significant resistance and overhead supply remain. Technical indicators show buying interest, so a close above resistance could trigger further upside. Fundamentally, the bank has posted solid profit growth and improved asset quality in 2025. Its capital adequacy remains strong, making it attractive for long-term investors.