Technical Analysis Punjab National Bank (PNB)

The stock $PNB is showed a very strong uptrend from October through early 2026 making a peak around the 130–135 zone. Since February the stock has been in a corrective phase short-term downtrend forming lower highs and lower lows on the daily chart. Major Support 100 - 102 the price has found a very strong base near the 100 level. It recently bounced from this zone in late May showing that buyers are stepping in at this price. Immediate Resistance 112 - 115 currently trading at 105.71 the stock will face its first major hurdle around 112–115. A breakout above this level is needed to shift the trend back to bullish. For short-term buyers, it is best time to wait for the stock to cross and stay above the 112-115 resistance zone with strong volume before taking a fresh entry. For existing holders keeping a strict stop loss just below the major support at 100 is crucial as breaking this level could cause a further downward drop. If the stock successfully bounces from this 100 base holders can comfortably ride the upward move for initial targets near 115.