MACD 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.
PFS: 36.70 is at a long term support now, oversold and having a positive divergence.
It is having a strong support at 35. Rs: 43 _ 45 & 48 will be resistances.
PTC India Financial Services Limited is an infrastructure finance company. The Company provides financial services to the entities in energy value chain. The Company invests in equity and/or extending debt to power projects in generation, transmission, distribution, and fuel sources, fuel related infrastructure, including gas pipelines, liquefied natural gas (LNG) terminals, ports, equipment manufacturers and engineering, procurement and construction (EPC) contractors, among others. The Company also provides non-fund based financial services to green field and brown field projects at various stages of growth and development. Its products and services include debt financing, fee-based services and equity investments. The Company offers long-term loans and short-term loans, as well as bridge financing to the projects. The Company provides fund-based/non-fund-based financial assistance in the form of debt or structured debt instruments.
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PFS
