What is the technical trend for Punjab Natl.Bank?

Jun 09 2025 05:58 PM IST
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As of June 3, 2025, Punjab Natl. Bank's technical trend is mildly bullish, supported by bullish weekly MACD and Bollinger Bands, despite some caution from the monthly MACD and short-term bearish daily moving averages.
As of 3 June 2025, the technical trend for Punjab Natl.Bank has changed from sideways to mildly bullish. The weekly MACD is bullish, supporting the positive outlook, while the monthly MACD is mildly bearish, indicating some caution. The Bollinger Bands are bullish on both weekly and monthly time frames, reinforcing the upward momentum. The Dow Theory shows a mildly bullish stance in both weekly and monthly analyses. However, the daily moving averages are mildly bearish, suggesting short-term weakness. Overall, the current technical stance is mildly bullish, driven primarily by the bullish signals from the MACD and Bollinger Bands on the weekly time frame.
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