Research Analysis Report: PNB Housing Fin
Support Level and Breakout:
- PNB Housing Finance has solidified a strong support level around 807, coinciding with the previous long-term breakout area.
- The stock’s price action suggests stability within the range of 807-820.
Trendline Breakout:
- Examination of the hourly charts reveals a breakout from a descending trendline, indicating a potential extension of the uptrend.
Volume Confirmation:
- Additionally, the accompanying volumes lend further support to this trend.
Target Price:
- The targeted price for PNB Housing Finance is set at 885.
Conclusion:
- With the stock exhibiting resilience around the support level, confirming a breakout from the descending trendline, and supported by volumes, PNB Housing Finance appears poised for further upside potential towards the target price of 885.
- Investors may consider monitoring the stock for potential entry opportunities based on the analysis provided.
This research analysis report offers insights into PNB Housing Finance’s recent price movements, technical indicators, and potential implications for investors