PTCILLowered the Box... The Scrip is definitely not in uptrend. The support now become resistance. The PA show support at way lower levels. Let's see whats in store.
PTCIL trade ideas
PTCIL Trading Within Demand Zone of ₹13139.95-₹12244.95PTCIL stock is currently priced at ₹12950, placing it within the demand zone of ₹13139.95-₹12244.95. This zone has been previously tested, reflecting notable buying interest. Investors should monitor for potential upward movements as the stock trades within this significant range.
PTCIL Bullish acumulationPTCIL manufacturer of critical metal components in Defence space., Shipping and OIl and Gas as
well, improved sales and profits over quarters.
Increased FI's position
PTCIL CMP 13742
Channel broke out, taken support
Making Flag pattern
Good Volume profile
Note: Not a Buy / Sell recommendation
Note: For education only
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall.
Trendline Breakout in PTCIL
BUY TODAY SELL TOMORROW for 5%
Flag (keep in watchlist)Good consolidation seen in a Flag Pattern. A BO from this on the upside could result in a good move. It will require a lot of patience for this to work out.
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