Technical Analysis Punjab National Bank

The stock

is currently in a short-term downtrend within a larger volatile consolidation phase. It is fast approaching critical support levels where buyers might step back in. For a safer technical evaluation it is usually best to wait for the price to stop falling and form a clear bullish reversal pattern like a hammer or a double bottom near the 100-110 support zones. Immediate support the stock is currently testing a minor support zone right around the 108-111 area. Major support if the current selling pressure breaks 108 the next major psychological and structural support is around the 100 mark. The ultimate line in the sand for the longer-term trend sits near 88-90 where the stock saw a massive bounce in early 2025. Resistance any relief rally will face heavy sellers near 124 and the recent peak of 132-134. Looking at the chart over the last couple of years PNB has been highly volatile. After the massive run-up in early 2024 it has been swinging in a broad choppy range featuring deep pullbacks followed by sharp recoveries. The recent sequence of large red daily candles indicates dominant bearish momentum. The selling pressure is heavy right now. In these scenarios trying to catch a falling knife can be risky without first seeing price stabilization. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.