In this paper, we study the mechanism of the cosmic model in the presence of generalized ghost pilgrim dark energy (GGPDE) and matter in locally rotationally symmetric (LRS) Bianchi type-I space-time by the utilization of new holographic DE in Saez–Ballester theory. Here, we discuss all the data for three scenarios, the first is supernovae type-Ia union data, the second is SN Ia data in combination with baryon acoustic oscillation and cosmic microwave background observations and the third is a combination with observational Hubble data and joint light-curve analysis observations. From this, we get a model of our universe, where transit state exists from deceleration to acceleration phase. Here, we have observed that the results yielded by cosmological parameters like [Formula: see text] (energy density), equation of state [Formula: see text], squared speed of sound [Formula: see text] and [Formula: see text]–[Formula: see text] are compatible with the recent observations. The [Formula: see text]–[Formula: see text] trajectories lie in both thawing and freezing regions and the correspondence of the quintessence field with GGPDE is also discussed. Some physical aspects of the GGPDE models are mainly highlighted.