#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...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
The stock has breached lifetime high with unprecedented volumes which makes this breakout very reliable moreover the stock has broken from a inverse head and sholuder pattern the stock can give more than 33 % return in no time
Stock Name - Pnb Gilts Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 103
#This is not Buy and Sell recommendation to any one. This is for education...
Stock Name-PNBGILTS
.
After every breakout it gives a strong momentum of minimum 33%
.
Try to understand this chart.
.
If any candle closes in Daily above BOS level then we enter on Pullback with the SL of 75
For the minimum target of 33%
.
I am not a SEBI Registered. This analysis is purely for educational purposes only.
.
If you gain some learning from this...
NSE:PNBGILTS 67.00
1. Symmetrical Triangle Pattern Formation
2. Trading near narrow range 60 to 69 levels
3. Volume and Price indicating some possible upside in the chart
4. Breakout at 69 level
5. Support near 60 level formed by the recent base & swing low
6. resistance near the 92 level which is formed by swing high.
#TechnicalAnalysiswithMrChartist
NSE:PNBGILTS
PNB GILTS
In the year 1996 Reserve Bank of India introduced the system of Primary Dealers with a view to strengthen the institutional infrastructure of Government Securities market. Six entities were granted licenses of which PNB Gilts was one. The Company was established as a wholly owned subsidiary of Punjab National Bank with an initial paid up...
After so much decline in the market the share has managed to stay strong and is now at its huge support level trying to make double bottom.
Entry exits are mentioned in the chart. Keep the risk in mind then decide the qty.
Strong Fundamental with sales and profits growth.
a) P/E 4.81 b) P/B 0.96 c) ROE 38.50 % d) ROCE 8.34% e) Dividend Yield 13.61% i.e., Rs 10 per share f) Operating Income has grown well for the company over past 3 years CAGR 38.02%
Technical
The price was consolidating inside Darvas Box past 6month and given a Resistance breakout
Entry will be at retest...
