PNB - Punjab National Bank
🔹 Technicals:
▸ Stock is in confirmed uptrend in the mid-term.
▸ Strong breakout in July supported by good volumes.
▸ Price is still above the key moving averages indicating a strong control of buyers.
▸ There is a demand zone near 20 EMA
▸ Previous swing high level near the 50 EMA
▸ A flip zone is present at 57-60 zone.
▸ This means there are plenty of support zones that can act as cushion and prevent the fall.
▸ Buyers will try to push the price higher once the overall market cools down.
Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
▸ Stock is in confirmed uptrend in the mid-term.
▸ Strong breakout in July supported by good volumes.
▸ Price is still above the key moving averages indicating a strong control of buyers.
▸ There is a demand zone near 20 EMA
▸ Previous swing high level near the 50 EMA
▸ A flip zone is present at 57-60 zone.
▸ This means there are plenty of support zones that can act as cushion and prevent the fall.
▸ Buyers will try to push the price higher once the overall market cools down.
Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
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