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RA Anupam Bajpai

9th Aug 2025 · SEBI-Registered Analyst

on 5th August i discussed above

PNBHOUSING
and shared BULLISH view in it stated "The stock price of
PNBHOUSING
nce is currently trading in an extremely oversold zone, supported by multiple technical indicators. On 31st July, 4th August, and 5th August 2025, the daily candlesticks were formed completely outside the lower Bollinger Band, which indicates excessive selling pressure and often suggests a potential price reversal. Bollinger Bands are a volatility-based indicator, and when prices close below the lower band, it typically signals that the stock is oversold and may soon bounce back. Additionally, the Relative Strength Index (RSI), a momentum indicator that ranges from 0 to 100, is currently at 10.67, far below the standard oversold threshold of 30, and even below the extreme oversold level of 20. Such a low RSI value reflects strong downside exhaustion and increases the probability of a short-term rebound. With the current market price at ₹778, the stock has the potential to move toward its 200-day moving average, which stands at ₹945. The 200-DMA acts as a key resistance level and is often viewed as a long-term trend indicator. Overall, the technical setup indicates that a relief rally may be expected, and any positive price action supported by volume could lead to an upward move toward the 200-DMA level." yesterday the stock price rise 1.59% further rise in stock price may be expected

#TechnicalViews
Screenshot 2025-08-09 094330.png
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