State Bank of India vs Punjab National Bank

We counted the same 23 buy and sell setups on both. Taken together, the target came first 40% of the time on State Bank of India and 39% on Punjab National Bank. Pattern by pattern, State Bank of India did better in 12 and Punjab National Bank in 11.

An average day's range (high to low) over the last 250 daily candles: State Bank of India 1.89%, Punjab National Bank 2.29%. Punjab National Bank moves about 1.2 times as much in a normal day, so a stop set by ATR sits further from the entry.

Target first, pattern by pattern

Pattern	State Bank of India	Punjab National Bank
Stochastic bearish cross	41% of 264	34% of 245
Stochastic bullish cross	42% of 239	41% of 246
MACD bearish cross	32% of 139	41% of 127
Volume profile rejection	40% of 129	43% of 132
MACD bullish cross	41% of 102	39% of 109
EMA 9/21 bullish cross	42% of 109	54% of 100
Gap up	39% of 106	40% of 103
EMA 9/21 bearish cross	40% of 109	38% of 99
Volume profile bounce	49% of 112	47% of 92
RSI overbought drop	39% of 97	35% of 91
Gap down	31% of 70	34% of 74
RSI oversold bounce	35% of 72	44% of 70
Fibonacci bounce down	41% of 41	38% of 72
Bearish engulfing	43% of 56	33% of 30
Fibonacci bounce up	46% of 41	35% of 37
Bullish harami	37% of 38	53% of 30
Bollinger breakout up	45% of 44	46% of 24
Bullish engulfing	41% of 29	24% of 33
Bearish marubozu	34% of 29	46% of 26
Bollinger breakout down	30% of 23	22% of 27
Bearish harami	43% of 21	26% of 27
Hanging man	22% of 23	39% of 23
Hammer	29% of 21	32% of 22

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

Every pattern on State Bank of India › Every pattern on Punjab National Bank ›

Questions

Which is better for patterns, State Bank of India or Punjab National Bank?

In our count the target came first 40% of the time on State Bank of India and 39% on Punjab National Bank, across the same 23 setups. Neither is reliable on its own: most setups hit the stop first on both. Past data, not a forecast.

Which moves more in a day, State Bank of India or Punjab National Bank?

Over the last 250 daily candles the average day's range was 1.89% for State Bank of India and 2.29% for Punjab National Bank.