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Price and trend forecast of PSB for Tomorrow, Weekly, Monthly

Punjab & Sind Bank

Symbol: NSE:PSB

ISIN: INE608A01012

52.31

As on 2024-10-09

36.55 (52W Low) 77.50 (52W High)

PSB's Today's Performance

Punjab & Sind Bank started the day by opening at 53.00 today 2024-10-09. Its shares reached a high of 53.30 and dipped to a low of 52.20 in intraday. When the markets closed, PSB’s stock price settled at ₹52.31 per share. Also check out its key support and resistance levels.

PSB Buy/Sell Targets

Tomorrow, buy PSB when its price reaches ₹ 52.31 with a stop-loss order at ₹ 51.31. You can set the target price as ₹ 53.31 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 PSB 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 PSB

Downside Targets Value in ₹
Tomorrow Down Target 1 53
Tomorrow Down Target 2 54
Tomorrow Down Target 3 54

Important Levels for PSB

Holding Levels Value in ₹
Tomorrow Up Target 1 52
Tomorrow Up Target 2 52
Tomorrow Up Target 3 51
Based on where the stock opens tomorrow, if PSB opens on a positive note, our first target will be ₹53. If Target 1 is achieved, we will aim for Target 2 which is ₹54.

But if PSB falls below the average value of ₹52.60, you can enter a sell side position with target number 1 - ₹52 and second target - ₹52 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 PSB

Looking at PSB, we've seen a Decreasing 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, PSB has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for PSB is moderate bearish.

Tomorrow's Volume based share price Forecast for PSB

PSB's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 98%.

Reversal detection for PSB

Predicted trend chart of PSB tomorrow for price forecast
PSB may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹52 in morning tomorrow
Target 1 tomorrow53
Target 2 tomorrow53
Target 3 tomorrow54
 

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 PSB'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 PSB opens on a positive note, our first target will be ₹53.01. If Target 1 is achieved, we will aim for Target 2 which is ₹53.70.

But if PSB falls below the average value of ₹52.60, you can enter a sell side position with target number 1 - ₹51.91 and second target - ₹51.50

PSB's Weekly Targets
1st Up Target 53.82
2nd Up Target 55.33
1st Down Target 50.55
2nd Down Target 48.79

As the week for PSB ended on bearish sentiments, we can expect further continuation of this sentiment. PSB's initial target will be 53.82 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 50.55 in the upcoming week.

Weekly OHLC Values
Open 53.20
High 53.57
Low 50.30
Close 52.31

Week for PSB started with an open price of 53.20, and the close was at 52.31. PSB reached the highest of 53.57 and dipped lowest up to 50.30 last week. This indicates a bearish sentiment for the week.

PSB full month swing targets
Monthly Up Target 1 57.09
Monthly Up Target 2 58.60
Monthly Down Target 1 47.28
Monthly Down Target 2 42.25

Targets of ₹57.09 can be expected to be reached in the coming month. Once PSB achieved this target, we can aim for the next upside target of ₹58.60.

PSB if fails to hold upside, down targets of ₹47.28 and ₹42.25 can be achieved by end of this month.

For complete three weeks if PSB 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 PSB

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

PSB is expected to reach the target of 53.01 in tomorrow's trading session.

After achieving the initial target in PSB, we will aim for higher targets of 53.70 tomorrow.

However, if PSB starts to trade below ₹52.60, then we will shift our focus to the sell side and aim for down targets of 51.91 and 51.50.