aks85
Long

PTC India- Cup and Handle Breakout- Buy Setup

NSE:PTC   PTC INDIA LTD
211 views
4
211 1
As seen PTC             India has given a cup and handle breakout with good volumes on the daily chart . It is bullish in the larger time frames also.

A conservative trader may wait for a re-test of the breakout levels.

CMP: 88.45
Expected Levels: 100, 105
Exit Levels: 80

The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. The pattern is preceded by an upward move, which stalls and sells off. The sell-off is initial part of this pattern.
After the sell-off, the stock will trade flat for an extended period of time, with no clear trend. The next part of the pattern is the upward move back towards the peak of the preceding upward move.
The last part of the pattern, known as the handle, is a relatively smaller downward move before the stock moves higher and continues the previous trend.

Comment: met the first target today.
GREAT KNOWLEDGE BROTHER..!! KINDLY SUGGEST LONG TERM VIEW ON THIS STOCK AS ITS IN TRENDING POWER SECTOR CAPEX INITIATED BY CENTRAL GOVT.
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out