Scrip 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...
ashish 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
Buy PNB Gilts for 20-30% Upside within a week or so.
It has moved up with huge volume, giving a big bull candle. Hence recommending this.
WATCH OUT FOR PITCHFORK Lines for resistance/support and guidance.
PNB Gilts Limited is engaged in dealing in government securities. The Company is engaged in the business of non-banking financial institution. The Company's segments include T-Bills/CP/CD, Corp. Bonds & Debentures, Govt. Securities, Derivatives, Fixed Deposits and Mutual Fund Comm. The Company is also engaged in the services of National Securities Depository Limited (NSDL), as an agency to provide remote e-voting facilities. As a dealer, the Company's primary activities include supporting government borrowing program through underwriting of government securities issuances and trading in a gamut of fixed income instruments, such as government securities, treasury bills, state development loans, corporate bonds, interest rate swaps, and various money market instruments, such as certificates of deposits and commercial papers. It also offers Gilts Investment Services, and Gilts Call and Inter Corporate Deposit (ICD) service, among others. It is a subsidiary of Punjab National Bank.
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PNBGILTS
