PTC INDIA LTDLong
PTC India for 100%+ gains
Date: 25 Nov’24
Symbol: PTC
Timeframe: Weekly
Seems like, Wave 4 is finally over in PTC India (in my 15th Sept post, I mentioned it as already over but the Wave was a complex one) and it will soon resume its up move in Wave 5 for the destination of 370-80. Some interesting facts to know why it can still double up from its current price of 168?
a. Healthy sales growth and debt reduction (lower interest cost) resulting in better balance sheet
b. Trading at very low Market Cap to Sales ratio of 0.30 and below book value
c. On charts, the stock is currently trading at price lower than December 2007 (it made a high of 201 in 2007)
This is not a prediction but a possible wave count. This is also not a recommendation to trade or invest. Please do your own analysis.
Aakhirkaar PTC India mein Wave 4 khatam hota dikh raha hai (mere 15 September ke post mein, maine kaha tha Wave 4 lagta hai end ho gaya hai par usne complex roop leliya) aur yah jald hee 370-80 ke lakshya ke lie Wave 5 mein apanee upmove phir se shuroo kar dega. Yah stock 168 se current price se kyon double ho sakta hai, neeche padhe.
a. Achi sales growth aur debt mein kamee (kam interest payments) ke kaaran ab balance sheet better hogayi hai
b. 0.30 ke bahut kam market cap to sales ratio aur aaj ka price book value se bhi kam hona
c. Chart par, stock abhi bhi December 2007 se bhi kam price par trade kar raha hai (2007 mein isne 201 ka high banaaya tha)
Symbol: PTC
Timeframe: Weekly
Seems like, Wave 4 is finally over in PTC India (in my 15th Sept post, I mentioned it as already over but the Wave was a complex one) and it will soon resume its up move in Wave 5 for the destination of 370-80. Some interesting facts to know why it can still double up from its current price of 168?
a. Healthy sales growth and debt reduction (lower interest cost) resulting in better balance sheet
b. Trading at very low Market Cap to Sales ratio of 0.30 and below book value
c. On charts, the stock is currently trading at price lower than December 2007 (it made a high of 201 in 2007)
This is not a prediction but a possible wave count. This is also not a recommendation to trade or invest. Please do your own analysis.
Aakhirkaar PTC India mein Wave 4 khatam hota dikh raha hai (mere 15 September ke post mein, maine kaha tha Wave 4 lagta hai end ho gaya hai par usne complex roop leliya) aur yah jald hee 370-80 ke lakshya ke lie Wave 5 mein apanee upmove phir se shuroo kar dega. Yah stock 168 se current price se kyon double ho sakta hai, neeche padhe.
a. Achi sales growth aur debt mein kamee (kam interest payments) ke kaaran ab balance sheet better hogayi hai
b. 0.30 ke bahut kam market cap to sales ratio aur aaj ka price book value se bhi kam hona
c. Chart par, stock abhi bhi December 2007 se bhi kam price par trade kar raha hai (2007 mein isne 201 ka high banaaya tha)
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