PTC ChannelPTC has been moving in a wide channel for years, respecting the black neckline, Currently testing the neck, near the bottom of the channel. Awaiting a breakout/Reversal
PTC
PTC Head n ShouldersPTC has been testing the neckline for a while, completing the head & shoulders yesterday with huge leg up. Finding resistance at 382FIB from few weeks.
May flag up after two huge candles in last two days. Awaiting a breakout/reversal
Low risk Trade with GOOD RR ratio !There are multiple supports at current level suggesting a good possibility of emerging buy so one buy the stock as mentioned below.
Entry 88.65
SL 86.40
Target 94.50
RR ratio 2.50
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
PTC INDIA FINANCIAL short term view from weekly chartMACD line crossover and ADX,RSI positive, Stochastic is in mid range from over sold to overbought region. These indicators will help to move up further. Triangle breakout also may done today.
Targets are
43.64,
44.50,
45.60,
48.57,
50.95,
52.5(if close above it may touch 61.83)
Stoploss:36.5
Vijayaraghavan,
INDITRADE,Kovilpatti.
Cup & Handle BO in weekly chartIt has been Observed that in weekly chart Cup & Handle break out signifies bullish in nature. we can keep medium term Target 102 and long term Target 115 by keeping SL close below 80.
Trade at your own risk.
PTC Long Low risk TradeThe stock is still in uptrend so one can enter long at appropriate level. It is forming an ascending Channel and now getting support at lower level. Yesterday retest offers a very good opportunity to go long by providing a small stop loss of 84.80 on closing basis. Target one can look at least 2.5 -3 times of the risk taken depending upon the entry tomorrow.
PTC SHORT Trading DivergenceWith reference to my previous post on learning how to use RSI Divergence for trading. I've observed a beautiful trade is developing. The trade is almost ready so one can put it into their watch list, observe the price movement and take timely action.
PTC India - Breakout on both Weekly & Monthly ChartStock giving breakout on both weekly & monthly chart.
