PTC INDIA LTD.

BSE

PTC

1.Reciprocal Bullish ABCD formation almost complete near the weekly support S1 2.Reversal to be impulsed back to the Median line of the pitchfork according to Price Magnet Theory 3.Several levels including weekly resistances and Fibonacci levels of BCD 0.73% , taking D point in the weekly support S1 , has been taken in correspondence to the pitchfork 4. Bullish...

Price action has broken the long term resistance at 105 with high volume and closed above it, indicating positive upmove. Can buy the stock during pullback above 105 for the target 130 and 145. Duration is six months to one year. Always consult your financial manager before investing.