Punjab National Bank technical analysis

According to the latest Pivot data, Punjab National Bank’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹116.9, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹118.48, ₹119.64, and ₹121.22, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹115.74, ₹114.16, and ₹113, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Punjab National Bank’s price movement.