#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....
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...
This 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...
Major support area near 60 (can be kept as CLBS)
Major resistance now 72 -75 (positions can be added above this)
Currently can be bought as near as support for best R:R
On 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...
