The stock has closed above the RESISTANCE/SUPPORT ZONE OF 55.65-55.95. History - This ZONE had acted as SUPPORT/RESISTANCE between NOV 2016 - OCT 2017. Buy for a near term TARGET OF 64.70. We have a Rounding Bottom Pattern breakout and there is a Very High Possibility of hitting the TARGET in the near term. This is a High Conviction Trade backed by rising volumes in the last 4 trading sessions. Also, the technicals are looking solid.
Moreover, do check out the PE ratio and EPS of the stock as well as the past dividend record - PNB Gilts won't fail to amaze. The stock is substantially undervalued and would be a good addition to any discerning investor's portfolio.