PNB GILTS3 good reasons to buy :
1 - Previous resistance giving strong support,
2 - 200 day moving average support,
3 - Triangle compression likely to breakout.
PNBGILTS trade ideas
PNG GiltPNG Gilt looking strong buying zone at 63 level.
This is good dividend stock and feeling good return in long term.
PNB GILTS - Bullish IdeaMajor 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
Long, double bottomBest dividend giving stock
Enter between 61-70
Target -75,80,90
Sl-61
For investment purposes only
Double bottom formation
PNBGILTS price action / trend analysis in this one i provides the price action and trend analysis for the PNBGILTS .
In this company the fundamental analysis is great, because there is a rise in FII, retail, investors and also promoter holdings are high.
It provides a good result in the recent QF.
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.
BUY PNB GILTS FOR A TARGET OF 64.70 - SWING TRADEThe 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.
just on the edge, if gives BO, then next target is 56.7, 62!Keep on radar!
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
#PNBGILTS(must close today with strength)
CCI(D) crosses 100
Reversal confirmation
Bullish Wedge
SL 33.60
PNB GILTS - breakout at crucial support levelsScrip 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
deishman.wordpress.com
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 :)
www.screener.in
Further, Risk:Reward ratio is favorable
PNB Gilts - Symmetrical TriangleBuy @ 56.5 levels, once it breaks the channel for 1st Target - 60, 2nd Target - 64.5
Idea voids if it reverses from current levels.
Buy PNB Giltsashish Maheshwari, Director blue ocean recommended PNB Gilts with a target of Rs 70. Environment is favorable now. BUY
Low PE
Great PEG ratio
High Dividend
Big Trading Book
Divestment Catalysts possible
Interest rate cut will be a big thing for the stock
PNBGILTPNBGILT not bearish and still good for long term as I am suggested at 34 now tying to get uc so best way book 50% and hold 50% without any problem.
