Pnb Gilts Limited - Breakout Setup, Move is ON...#PNBGILTS trading above Resistance of 136
Next Resistance is at 180
Support is at 92
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
PNBGILTS
Pnb Gilts Limited - Long Setup, Move is ON...#PNBGILTS trading above Resistance of 103
Next Resistance is at 136
Support is at 84
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Breakout in Pnb Gilts Limited...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BREAKOUT FROM CONSOLIDATION CHANNELThis is daily timeframe.
This stock is smallcap and high beta.
But the business model is unique and fundamentals have changed a lot last year.
We can see it in price action.
Yesterday it gave breakout from its long consolidation zone with bullish belt-hold candlestick pattern.
It also had very good volume. Though it have today formed a bearish candle but I think it's just for retracement purpose.
But still I will be more cautious in this trade.
This post is for information purpose only.
PNB Gilts might gain a bit moreOn 31st' May, PNBGILTS gained 6.4%. Now it is close to its all time high, which is 64.75. Post this region, it might gain a bit more.
Keep the stop loss at least below the support region which is respected since 2017 or to be safe, below 56.8 which is below the gap between 'Rising window' candles. (Cross reference with the chart)
PS: All the PNB stocks seem to be bullish and it is helping Gilts too.