DisclaimersBefore going further, remember:I am not a financial advisor.This is analysis based on technical concepts, not a sure prediction.Always do your own research and consider risks.đ§ Practical Trading / Investment Considerationsđ If You Are a Trader:You might watch ₹120 closely as a support level.You might enter a trade if price stays above ₹120.Place stop-loss below ₹120 to limit risk.Target profit zone could be near ₹150.
“Punjab National Bank (PNB) may go to ₹150 if it stays above ₹120.” đ What this Statement Means In trading and technical analysis, statements like this are conditional price projections — they are not guaranteed predictions, but based on how prices behave around support and resistance levels. So the idea here is: đ If PNB’s price remains above ₹120 and does not fall below that level, then there is a possibility it could move up to ₹150. This is based on technical behavior where holding above a key support often leads to continuation toward the next target. But it is not financial advice. You should always do your own research. đ Key Concepts Explained đ¯ Support Level (₹120) Support is a price level where buyers tend to step in. If the price stays above ₹120, it indicates strength and demand. Breaking below support can lead to further downside. So the condition here is: ✔ PNB must stay above ₹120 ✖ If it breaks below ₹120 → the bullish view weakens. đ Resistance / ...