Technical Analysis As per the daily chart, Punjab & Sind Bank is trading around ₹23.46 and the stock has been consolidating after recovering sharply from the ₹21–₹22 zone formed during March–April. The most important observation is the rising trendline support connecting the recent swing lows around ₹23, indicating that buyers have been defending this zone. The stock is currently very close to this important support structure. Therefore, ₹23.00–₹22.90 can be considered an important trendline/swing-low support zone. As long as the stock sustains above this area, the recovery structure remains intact. On the upside, ₹24.00–₹24.20 is the immediate resistance, followed by the stronger ₹25.00–₹25.50 zone. A decisive breakout above ₹25.50 could strengthen the bullish structure and potentially open the way toward ₹26–₹27. Key levels: Immediate support: ₹23.00–₹22.90 Major support: ₹22.00–₹21.00 Immediate resistance: ₹24.00–₹24.20 Major resistance: ₹25.00–₹25.50 Breakout above ₹25.50: Potential for ₹26–₹27 A daily close below the rising trendline and ₹22.90 would be a warning sign and could lead to further weakness toward ₹22 or ₹21. Therefore, the ₹23 zone is currently the key level to monitor.

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