Powered by: Motilal Oswal
2025-07-01 11:04:56 am | Source: Religare Broking Ltd
Stock of the day : Punjab National Bank Ltd For Target Rs. 118 - Religare Broking Ltd
Stock of the day : Punjab National Bank Ltd For Target Rs. 118 - Religare Broking Ltd

Punjab National Bank Ltd

Buy  Punjab National Bank Ltd CMP 110.50 Range 109-111 SL 106 Target 118

* PNB has completed a healthy 50% retracement of its previous up-move, consolidating recent gains before potentially resuming its bullish trajectory.

* The formation of consistent higher highs and higher lows with rising volumes, strongly indicates sustained buying interest and accumulation at each pullback.

* This shows growing confidence among market participants, setting the stage for another robust leg of upward momentum in the sessions ahead.

* Investors may consider initiating long position as per the range given.

 

Please refer disclaimer at https://www.religareonline.com/disclaimer

SEBI Registration number is INZ000174330

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here