PNB Gilts Ltd on a daily chart stock price is making
higher high pattern, with increase in volumes. Also we witnessed stock price is
trading above the 20 DMA, indicate stock is well placed above the support
level. On chart stock price has given the breakout of rounding pattern at Rs.
36, indicate stock price can rally another 30%.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs.36 for the target of Rs. 50 levels, with Rs 31 stop
loss on closing basis.
No comments :
Post a Comment