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...
NSE:PTC With reference to the 26weeks kumo cloud resistance bands, the possibilities have been explored..
But although the pattern is a superprojection, a sharp reversal is seen from the Kumo clouds downwards..
Disclaimer.. not an investment/trading advice....
....... Plotted & Mentioned ........ CHART.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
All patterns have are not fulfilled 100% criteria.
1) Triangle Breakout on the downside
2) Lower tops Lower bottom is seen on the chart
3) Can be shorted at the end of wave D (Around 118 level) which is assumed to be end at 61.8% Fib level with a target of 100 where there is a demand zone
4) Also to look out for is RSI which is taking a support at 35
INVESTMENT Arena : PTC
Various PATTERN in Single Chart.
#1. Bearish BUTTERFLY , #2. Pattern "W" , #3. AB = CD , #4. CUP-HANDLE .
INDICATORS & OSCILLATORS Signals UP-TREND.
Daily View With BUY ENTRY Levels & ST, MT & LT Targets will published LATER .
Check Time-Line Regularly or as you wish.
If this post enriched your knowledge & ...
PTC has given multiyear breakout with Cup & Handle pattern on monthly chart; one can invest for potential returns.
On daily it was given breakout with huge volume. Previous life high can be minimum target.
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.
PTC PTC complete the Inverted Head And Shoulder , by closing above the neckline of the chart pattern so made , With rising OBV . and Is set to head towards 147 Zones.
WAITING FOR the breakout...
RSI already broken out....
market bullish so take ur call.....
if gives a weekly close above 104 then buy ...
targets : OPEN
disclaimer: for self
The stock did brake out form long term down trend , and once it makes to 94 Price Zone and hold it is confirmation and can give us new higher in coming days
This information is for Education only
Regards
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...
Triangle breakout had happened at 83. Post breakout, it had consolidation in 85-88 zone for sometime. And now it has formed a bullish flag pattern. Any dips can be bought for a target of 125-30 zone.
