Price and trend forecast of PNBHOUSING for Tomorrow, Weekly, Monthly
PNB Housing Finance Limited
Symbol: NSE:PNBHOUSING
ISIN: INE572E01012
793.85
As on 2024-07-26
PNBHOUSING's Today's Performance
PNB Housing Finance Limited started the day by opening at 790.00 today 2024-07-26. Its shares reached a high of 803.00 and dipped to a low of 786.90 in intraday. When the markets closed, PNBHOUSING’s stock price settled at ₹793.85 per share. Also check out its key support and resistance levels.
PNBHOUSING Buy/Sell Targets
Tomorrow, buy PNBHOUSING when its price reaches ₹ 793.85 with a stop-loss order at ₹ 781.74. You can set the target price as ₹ 805.96 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of PNBHOUSING for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for PNBHOUSING
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 802 |
| Tomorrow Down Target 2 | 811 |
| Tomorrow Down Target 3 | 818 |
Important Levels for PNBHOUSING
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 786 |
| Tomorrow Up Target 2 | 778 |
| Tomorrow Up Target 3 | 770 |
Based on where the stock opens tomorrow, if PNBHOUSING opens on a positive note, our first target will be ₹802. If Target 1 is achieved, we will aim for Target 2 which is ₹811.
But if PNBHOUSING falls below the average value of ₹794.58, you can enter a sell side position with target number 1 - ₹786 and second target - ₹778 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of PNBHOUSING
Looking at PNBHOUSING, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, PNBHOUSING has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for PNBHOUSING is strong bearish.
Tomorrow's Volume based share price Forecast for PNBHOUSING
PNBHOUSING's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 199%.
Reversal detection for PNBHOUSING
PNBHOUSING may trend may continue to be bullish since stock is making higher highs and we can get target of ₹780 in morning tomorrow
| Target 1 tomorrow | 801 |
| Target 2 tomorrow | 805 |
| Target 3 tomorrow | 811 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with PNBHOUSING's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if PNBHOUSING opens on a positive note, our first target will be ₹802.27. If Target 1 is achieved, we will aim for Target 2 which is ₹810.68.
But if PNBHOUSING falls below the average value of ₹794.58, you can enter a sell side position with target number 1 - ₹786.17 and second target - ₹778.48
PNBHOUSING's Weekly Targets
| 1st Up Target | 817.48 |
| 2nd Up Target | 841.12 |
| 1st Down Target | 755.73 |
| 2nd Down Target | 717.62 |
As the week for PNBHOUSING ended on bullish sentiments, we can expect further continuation of this sentiment. PNBHOUSING's initial target will be 817.48 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 755.73 in the upcoming week.
Weekly OHLC Values
| Open | 780.80 |
| High | 803.00 |
| Low | 741.25 |
| Close | 793.85 |
Week for PNBHOUSING started with an open price of 780.80, and the close was at 793.85. PNBHOUSING reached the highest of 803.00 and dipped lowest up to 741.25 last week. This indicates a bullish sentiment for the week.
PNBHOUSING full month swing targets
| Monthly Up Target 1 | 879.23 |
| Monthly Up Target 2 | 902.87 |
| Monthly Down Target 1 | 693.98 |
| Monthly Down Target 2 | 594.12 |
Targets of ₹879.23 can be expected to be reached in the coming month. Once PNBHOUSING achieved this target, we can aim for the next upside target of ₹902.87.
PNBHOUSING if fails to hold upside, down targets of ₹693.98 and ₹594.12 can be achieved by end of this month.
For complete three weeks if PNBHOUSING is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as PNBHOUSING
| Symbol | Name | Industry |
|---|---|---|
| HDFCBANK | HDFC Bank Limited | Banks - Regional |
| ICICIBANK | ICICI Bank Limited | Banks - Regional |
| SBIN | State Bank of India | Banks - Regional |
| LICI | Life Insurance Corporation Of India | Insurance - Life |
| BAJFINANCE | Bajaj Finance Limited | Credit Services |
Summary
PNBHOUSING is expected to reach the target of 802.27 in tomorrow's trading session.
After achieving the initial target in PNBHOUSING, we will aim for higher targets of 810.68 tomorrow.
However, if PNBHOUSING starts to trade below ₹794.58, then we will shift our focus to the sell side and aim for down targets of 786.17 and 778.48.