Thread by @TechnoFunda6

Why #PSB (Punjab Sind Bank) is Buzzing ?

Hit 20% Upper Circuit Today with Huge Volume ...

🌟Detailed #TechnoFunda Analysis🌟

(Must read🧵for Investors & Traders!)

@chartmojo @KommawarSwapnil Views Invited 🙏

1⃣

Punjab & Sind Bank is an Indian public sector bank headquartered in New Delhi.

Since last few days, the counter has been buzzing and today it hit 20% upper circuit with huge volumes.

#PSB #PunjabSindBank #TechnoFunda

2⃣

On Saturday, 3rd November 2022 Bank declared its Q2 Results.

Turnaround seen.

@nid_rockz @caniravkaria Views Invited. 🙏

#PSB #PunjabSindBank #TechnoFunda

3⃣

Punjab & Sind Bank held Q2 FY-23 Earnings Conference Call on 5th November 2022.

Since then the stocks has been slowly being accumulated by Smart Players.

Download PDF - bit.ly/3urgKVo

#PSB #PunjabSindBank #TechnoFunda

4⃣

Quick Statistics of #PunjabSindBank

✅Market Cap - 20231.70 Cr
✅Sector - Banking
✅Industry - PSU Bank
✅Book Value - 15.03

#PSB #TechnoFunda #stockstowatch

5⃣

Share Holding of #PunjabSindBank

✅Promoter Holding - 98.25%
✅FII & DII Holding - 0.67%
✅Public Holding - 1.08%

✅Only 6 Crore Shares in Public domain i.e., a free float cap of less than 180 Crores.

✅Promoter Pledge - 0%

#PSB #PunjabSindBank #TechnoFunda

@caniravkaria

6⃣

#TechnicalAnalysis of #PunjabSindBank

✅Trading above its 30 EMA on Daily, Weekly & Monthly Chart.

✅Clear transition from Stage 1 to 2.

✅Stock is relatively stronger than Nifty.

✅Stock belongs to PSU Bank Sector which is already outperforming Nifty.

7⃣

#PunjabSindBank Monthly Chart

✅Monthly Breakout Almost done last month.
Huge Volumes Last Month

✅Last months volume surpassed in just 4 trading sessions this month.

#PSB #TechnoFunda #Trading #BreakoutStocks

8⃣

#PunjabSindBank Weekly Chart

✅Breakout on Weekly Chart with Good Volumes occurred last week followed by further upmove this week on higher volumes.

✅Relative Strength (RS) Line also giving a 5+ year breakout.

#PSB #TechnoFunda #Trading #BreakoutStocks

9⃣

#PunjabSindBank Daily Chart

✅Breakout on Daily Chart with Huge Volumes.

✅Relative Strength (RS) Line also giving a 20+ months breakout.

#PSB #TechnoFunda #Trading #BreakoutStocks

🔟

Quarterly Results, Profit & Loss Account and Balance Sheet of #PunjabSindBank

Turnaround clearly visible ...

#PSB #TechnoFunda #StockMarketIndia

@caniravkaria @nid_rockz Views Welcome 🙏

1⃣1⃣

Improvement in Banks Financials -

✅Significant improvement in GNPA & Net NPA seen in last few quarters
✅Highest annual profit of Rs.1039 crore
✅ROE turns +ve after 4 years
✅Company paid dividend for first time after a gap of 5 years

#PSB #PunjabSindBank #TechnoFunda

1⃣2⃣

Future plans of bank -

✅Get technological platform up and running on upgraded version by June 2023.
✅Bring the digital agenda in the bank very strongly.
✅Business growth.

Source - Punjab & Sind Bank Q2 FY-23 Earnings Conference Call

#PSB #PunjabSindBank #TechnoFunda

1⃣3⃣

🌟Additional Confirmation 🌟

✅PSB vs BankNifty Ratio Chart Breakout
✅PSB vs CNXPSUBank Ratio Chart Breakout

Courtesy : @YTA_School

Note : To know more about Ratio Charts one can read Yogesh Sir's Book on Relative Strength

#PSB #PunjabSindBank #TechnoFunda

1⃣4⃣

Disclaimer : This is not a stock recommendation on #PunjabSindBank. Just a case study for educational purpose!

Our team members may be personally invested in the stock hence their opinion may be biased.

Consult Financial Advisor before Investing!

#StockMarketIndia