PNB Housing holds above key moving-average support

PNB Housing Finance closed near ₹1,112 and is attempting to stabilise after the recent correction from the ₹1,200–₹1,220 zone. Price is trading above both the 20-day moving average near ₹1,099.62 and the 50-day moving average near ₹1,089.27. This ₹1,089–₹1,100 band is now the key base for the current recovery attempt. PNBHOUSING The chart shows that the stock has repeatedly found buyers around the ₹1,050–₹1,070 region and has now recovered back above its short-term averages. The recent price action is constructive, but the stock needs to cross nearby swing resistance to turn this recovery into a stronger upward move. ₹1,120–₹1,130 is the first resistance area. A sustained move above this range can take the stock toward ₹1,150 and then ₹1,180. Beyond that, the prior high zone near ₹1,200–₹1,220 becomes the major supply area. On the downside, ₹1,100 is the first level to watch, followed by ₹1,089. A close below the 50-day average would weaken the recovery and may bring ₹1,050 back into focus. For now, the structure is positive above ₹1,089, with price attempting to build a higher base.