A retracement may be likely but should go up from there. Round Bottom.
Disclaimer:NOT SEBI registered. Charts produced here are for personal reference only and not any recommendations.
tight price action around 50dma, breaksout abve d horizontal line can see a swift move
Buy PTC @ 83.95 TGT 92-95 SL 79 . Stock at BO level of weekly resistance area. RSI crossing above 50 forming +Ve divergences. This is for your educational ideas.
DAILY SWING CALL // Friday 5th of February 2021 / NSE:PTC // This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade // CMP / LTP: 64.00 TARGET: 73.5 (15% Around) STOP LOSS:...
VCP pattern and ATR stoploss disclaimer : Educational
Broke long term trendline forming inverted head and shoulder pattern perfect restest done very good stock for portfolio above 64 target 1 can be near 80 second target can be psychological level 100
1) The stock is trying to break important resistance zone 2) Since 200 EMA was acting as resistance in the past it is safe to enter above 200 EMA in weekly time frame. 3) Consolidation below this resistance zone will give more strength on breakout
PTC can give breakout in small time frame
kindly enter trade once u get a proper reverse or breakout and keep strict SL, Support my views if you find this helpful
BUY PTC as per chart levels mentioned Trade Management or Risk Management is more important than technical analysis.