PNB GILTS - breakout at crucial support levels

Scrip has been able to find resistance at core support levels

Rest in charts.

Bullish momentum sign
1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above-200 which gives strength to ongoing momentum.
2) Bullish Reversal Pin Bar Formation
In a bullish pin bar reversal setup, the pin bar’s tail points down because it shows strong rejection of lower prices. This setup very often leads to a rise in price. The bulls have managed to pull up the price up after it has fallen down to good extent
3) BH>% CH% Candle. Thanks to Deishma for providing theory insights
BH % is Body Height of the Candle and is the Absolute Difference between Close and Open of the Candle.
CH % is Candle Height of the Candle and is the Absolute Difference between High and Low of the Candle.
Take its percentage relation.
If BH % / CH% % is greater than 50%, it’s a BH>50%CH Candle.
4) Golden cross - As marked in chart, Short-term moving average (such as the 15-day moving average) about to break above its long-term moving average (such as 50-day moving average) The golden cross indicates a bull market on the horizon and is reinforced by high trading volumes however, high trading volume is yet to be seen as prior for reinforcement to be gained.

Investing is for those who wish to take it for longer term as there has been good dividend being paid by the company over time. Not for those who wish to seek quick gains :)
Further, Risk:Reward ratio is favorable


very nicely explained
amankavi nagakrishna
@nagakrishna, thanks :)
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