Punjab & Sind Bank Ltd. is engaged in the Business of Deposits, Loans & Advances and Remittances & Collections. Punjab & Sind Bank Ltd CMP is 44.45.
The Negative aspect of the company is moderate valuation (P.E. = 25.7). Company's Positive aspects low debt, zero promoter pledge, MFs are increasing stake, improving annual net profit, Improving cash from...
an ascending triangle pattern breakout with decent volume has been noticed on this stock. a long view may be taken from this level .
current level- 44
target -50/55/60 for 2 to 3 months view .
this is purely based on educational purpose, do your own analysis before investing.
PSB gives trendline breakout after 11 years and also increasing volume on daily timeframe. just look at chart analysis of Nifty Psu Bank. chart also give breakout and all Psu banks showing strength. stock have potential to give 50%-60% return in upcoming days. please remember when i say 50% -60% then it will take time. hold atleast for 12-15 months if you have...
Currently price is ranging around important key level.
Multiple patterns are forming on this chart such as triangle, pole & flag and a big cup with handle.
The huge volume activity since November 2022 till now indicates more towards its upside potential.
Only 1.75 % of the shareholding is with DII & Public, remaining 98.25 % is retained by the promoters.
Today...
NSE:PSB seems good for a positional trade with provided entry, exit and stop level. It looks like has ended down tend on daily basis and has started new up trend on daily basis. Formed a good support level. On weekly scale it has already crossed 50 WMA over 200 WMA, that gives strength for the stock. Let's see what happens next.
Disclaimer:
My ideas are not...
PSB has broken the triangle pattern with hugh volume since it is allready move high one can look for entry when it is retrace on conservative buy area with below level as stop loss for the given target. Let's see
Happy Investing!
Small cap stock come under PSI bank sector, technically it is good buy around 12 to 15 rupees.
expected future long term target are marked on the chart..
Let's see..
