PNB Housing Finance Ltd. Share Price

PNB Housing: Trendline Break Meets Resistance

In this morning’s note,

Nifty Eyes 22,640 as PNB Housing Tests Trendline

Nifty ended last day of the week on a firm note. It rebounded from the 22,179 swing low and settled near 22,520, above the 22,500 mark. A falling trendline around 22,640 still caps the move, so the index remains in a recovery phase below it. RSI at 56.67 has turned up above the midline, which supports the recovery for now. Resistance: 22,640 / 22,750. Pivot zone: 22,490-22,420. Support: 22,350 / 22,179. While the pivot zone holds, the 22,640 trendline stays in view. A slip below 22,420 could bring 22,350 back into focus. The first half-hour to one hour of trade may set the cue for the day.

PNB Housing Finance eyes a breakout above ₹1,153 !!

PNB Housing Finance eyes a breakout above ₹1,153 PNB Housing Finance Limited (NSE: PNBHOUSING) is back on the technical radar after showing signs of renewed buying interest. Market expert Raja Venkatraman of NeoTrader identified a potential multiday buying setup above ₹1,153, with a stop-loss at ₹1,090. His published analysis also highlights ₹1,210.80 as the 52-week high. 1. What is happening? The stock has spent recent weeks consolidating after periodic profit-taking. According to the analyst, price support around important Ichimoku levels and a rebound in the Relative Strength Index suggest that buying momentum may be improving. The key question is whether the stock can sustain a move above ₹1,153 rather than briefly crossing the level and falling back. 2. Why it matters A sustained breakout could indicate that buyers are regaining control after consolidation. However, a single price move is not enough to confirm a new uptrend, particularly when the broader market remains volatile.

PNB Housing Finance breaks out from a falling wedge!!

PNB Housing Finance breaks out from a falling wedge PNB Housing Finance Limited (NSE: PNBHOUSING) has given a falling-wedge breakout on the daily chart, with technical analysts identifying ₹1,100 as key support and ₹1,200 as the near-term upside level. Why it matters PNB Housing Finance was quoted around ₹1,131 when the setup was published. The stock has broken above a falling-wedge formation, while its 20-EMA and 50-EMA have produced a bullish crossover. Its daily RSI has also broken out of a falling channel, suggesting improving momentum. The setup is particularly interesting because the broader market is currently facing heavy selling pressure. The Nifty 50 fell 1.64% on October 8, while the Sensex dropped to its lowest level in 32 months. That makes relative strength in individual stocks worth monitoring. My view The ₹1,100 level is the key line for this setup. As long as the stock holds above this area, the breakout structure remains constructive. A sustained move above the recent trading range could bring ₹1,200 into focus. However, if ₹1,100 fails decisively, the bullish setup would weaken.

PNB Housing Finance Pulls Back After Channel Break

PNB Housing Board Approves ₹10,000 Cr NCD Issue

The Board of Directors of PNB Housing Finance Limited has approved the issuance of Non-Convertible Debentures (NCDs) of up to ₹10,000 crore on a private placement basis. The fundraising will strengthen the company’s capital base and support its growth plans in the affordable and retail housing finance segments. The NCDs will be issued in one or more tranches as per the company’s funding requirements and market conditions. This move enhances PNB Housing Finance’s ability to meet rising demand for home loans while maintaining a balanced liability profile. The approval provides the housing finance company with greater flexibility to raise long-term funds efficiently and sustain its lending momentum in the coming quarters. **Top stocks in the housing finance industry:**