Is Punjab Natl.Bank technically bullish or bearish?
As of June 13, 2025, Punjab Natl. Bank's trend is mildly bullish due to supportive weekly MACD and KST indicators, though daily moving averages show bearish sentiment, indicating a need for caution.
As of 13 June 2025, the technical trend for Punjab Natl.Bank has changed from sideways to mildly bullish. The current stance is mildly bullish, driven primarily by the weekly MACD and KST indicators, both of which are bullish. The Dow Theory also supports a mildly bullish outlook on the weekly and monthly time frames. However, the daily moving averages indicate a mildly bearish sentiment, which tempers the overall bullishness. The RSI shows a bullish signal on the monthly but no signal on the weekly, suggesting mixed momentum. Overall, while there are bullish indicators, the presence of bearish signals in the daily moving averages and monthly MACD suggests caution.
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