Buy PNB Housing with target Rs 1,010, says Nandish Shah

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26 Aug, 2025 12:21

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Nandish ShahHDFC Securities

After a steep correction of nearly 35 percent from its August high, PNB Housing price had reached an oversold level during the last week.
Oscillator like RSI is showing positive divergence where the stock price has made a new low and Oscillator has formed a higher low.

This setup indicates that bears seem to have lost the dominance gradually and there could be a chance of trend reversal for short term.
Therefore, we recommend buying PNB Housing for the upside target of 1010, keeping SL at 880.

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