PTL share formed cup with handle pattern in weekly chart and retracement as well done. I am expecting this stock can reach below Target in longer term.
Target 1: Rs 52
Target 2: Rs 75
SL: Rs 35
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Note:
This analysis is only for education purpose. Please do your analysis before...
NSE:PTL - PTL ENTERPRISES LIMITED
Cup and Handle pattern
CMP 46, open Upto 70
Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
PTL :- ready to give a breakout of 6 years.. Cup and handle pattern is also made in stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about...
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned...
Hi There,
Here's the Long therm chart analysis for PTL enterprises
can buy now at Mkt. price
T1&2 - Denotes the target that can be achieved
T1 - 37.50 if it holds there
IT can Go up for T2 - 42.20
And further Till its Potential
And Don't Forget to Share Your Thoughts Right Below In the Comment Section
PTL Enterprises Ltd....
Engaged in the tyres manufacturing facility of PTL at Kalamassery, Kerala.
Its an associate company of Apollo Tyres Ltd
Recent Announcement from Kerala Govt, for aids.
------------------------
Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.40 times its book value
Stock is providing a good dividend yield of...
As per pattern Round bottom and double bottom also. MACD crossover may happen on weekly chart. Dividend also coming Rs.2.5. These parameters may help to reach the target.
Vijayaraghavan.K,
Kovilpatti, Tuticorin Dist.
BUY : 52 TO 48
TARGET : 80
Reason For Buying This Script :
After a long time this script has broken the downtrend flag & also has broken the box in weekly time frame . Now wait for retest moment at the range of 48 .
Note:
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the...
PTL looking good to break the descending trendline.
If it breaks, we can expect targets of 51, 62+.
I'm not a registered analyst. Please analyze yourself before investing
