Recent Price Movement and Market Context
On 21 November, PNB Gilts closed at ₹84.78, down by ₹1.01 or 1.18% from the previous session. This decline continues a two-day losing streak, during which the stock has fallen by 2.21%. The stock’s performance today was broadly in line with its sector peers, yet it remains under pressure as it trades below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Such technical positioning indicates a bearish trend and suggests limited near-term buying interest.
Investor participation has shown a slight increase, with delivery volumes on 20 November rising by 1.22% compared to the five-day average, reaching 1.12 lakh shares. Despite this, the stock’s liquidity supports only modest trade sizes, ...
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