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PNB next Potential Target according to Fibonaaci

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PUNJAB NATL BANK (NSE:PNB)  
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NSE:PNB   PUNJAB NATL BANK
Trend Analysis Fibonacci Chart Patterns pnb psubanks bankingsector Technical Analysis Fibonacci Extension
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trendanalysis fibonacci chartpattern pnb psubanks bankingsector technicalanalysis fibonacciextension
Chart Type : Candlestick
Time frame : Daily

Tool Used: Fibonacci Extension
Please note that this analysis is based on the geometry of the chart, it is not a data based analysis.

From March 2023 the price has moved 85%. But for analysis we consider a strong swing of 65% which is from July2023 to today's candle and the Fibonacci extension is not drawn on the log scale.

According to this setup the next potential target is at 89.85 which is a 23.60% level of Fib extension.

Thanks
Er. Simranjit Singh Virdi

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