PNB – Rounding Bottom on Monthly | Reversal in Making?Punjab National BankNSE:PNBsatyam15🟦 PNB – Rounding Bottom on Monthly | Reversal in Making? Punjab National Bank is after many months showing a rounding bottom on the monthly chart, which often signals a medium-to-long term trend reversal. That said, this is still a pre-emptive stage, so caution is required. 📊 Technical Structure • Monthly rounding bottom formation emerging • Early reversal signs, not a confirmed breakout yet • PSU banks showing strength due to improving results • Market volatility is high → avoid aggression • Key hurdle: 61.8% Fibonacci at ₹153.8 • Until 153.8 is crossed & sustained, no major momentum 💰 Trade / Positional Levels • CMP: ₹132.35 • Stop Loss: ₹115 🎯 Upside Levels • ₹143 – short-term resistance • ₹154 – critical zone (61.8% Fib) • ₹198 – post-confirmation momentum target • ₹230 – rounding bottom expansion target 📌 Trading Approach • This is a structure-in-development, not a breakout trade • Control position sizing strictly • Prefer small / staggered exposure • Wait for PNB results before taking any big position • Momentum likely only after 153.8 is crossed decisively ⚠️ Clarification: This is an independent analysis. No part of Religare is involved in this view or recommendation. 📝 Important: I am not responsible for any loss or profit incurred. I am not taking any fees – shared for educational purposes. 📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision. ⚠️ Above 153.8 = momentum. Below it = patience.