weekly and monthly technical analysis of PNB

Punjab National Bank Technical Analysis based on monthly and weekly chart

As per monthly chart

Closing Price	154.28
10 DMA	135.95
50 DMA	140.06
PASR	104.01
RSI	57.87

The stock is trading above 10 and 50 DMA price. It is also trading above SAR Price 104.01. from this it seems that in near few days the stock may reach to its monthly  Resistant price 230.00.

As per Gann Square of nine for day trading the targets will be as under

Action	Entry Price	T1	T2	T3
Buy	155.47	157.40	160.55	163.74
Sell	153.94	151.19	148.13	145.10

 As Per weekly chart the stocks resistant level is at 180.00. RSI is 64.76. So it shows all bullish move. Banking sector is also in bullish trend. This is only for education purpose. I am not recommending any trade in this stock. It will be your responsibility for loss or gain.