Multi year Consolidation breakout seen in PTC india
Updated
Hello Guy's, i have brought another analysis on stock which has given a proper multi year breakout on chart. Let's analyse and will see if we can do anything from this stock..
Well guy's Now a days all government stock is making new highs due to Chandrayan limelight and some government recent events..This Ptc Stock has given a huge breakout on monthly timeframe. it has given breakout almost more than 12 years and volumes are supporting the breakout. A trade can be executed with small stop loss in it.
Important levels for PTC India
Buy in the range of 127-132
Keep stop loss at 116
Targets we can see in upside 150/169/213
Price is above 200 EMA
We have seen Proper Neat & Clean Multi year Breakout on Monthly timeframe.
with Good Volume
Price is sustaining above breakout trendline levels
MACD and RSI has given bullish crossover (I have not placed any of indicators which i have discussed above except Volume indicator as i want chart neat and clean but i have analysed all already)
Now focus on stock background
PTC India Limited was established in 1999 by the Government of India as a Public-Private Initiative and is in the power trading business. It is promoted by Power Grid Corporation of India Limited (PGCIL), NTPC Limited (NTPC), Power Finance Corporation Limited (PFC) and NHPC Limited (NHPC)
Market Cap
₹ 3,876 Cr.
Current Price
₹ 131
High / Low
₹ 132 / 67.5
Stock P/E
8.46
Book Value
₹ 170
Dividend Yield
5.96 %
ROCE
9.82 %
ROE
9.15 %
Face Value
₹ 10.0
Debt
₹ 6,546 Cr.
EPS
₹ 15.5
PEG Ratio
0.38
Promoter holding
16.2 %
Intrinsic Value
₹ 165
Pledged percentage
0.00 %
EVEBITDA
6.19
PROS
Company has reduced debt.
Stock is trading at 0.77 times its book value
Stock is providing a good dividend yield of 5.96%.
Company has been maintaining a healthy dividend payout of 49.0%
Company's working capital requirements have reduced from 87.9 days to 63.2 days
CONS
The company has delivered a poor sales growth of 4.58% over past five years.
Promoter holding is low: 16.2%
Company has a low return on equity of 10.3% over last 3 years.
Company might be capitalizing the interest cost
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Well guy's Now a days all government stock is making new highs due to Chandrayan limelight and some government recent events..This Ptc Stock has given a huge breakout on monthly timeframe. it has given breakout almost more than 12 years and volumes are supporting the breakout. A trade can be executed with small stop loss in it.
Important levels for PTC India
Buy in the range of 127-132
Keep stop loss at 116
Targets we can see in upside 150/169/213
Price is above 200 EMA
We have seen Proper Neat & Clean Multi year Breakout on Monthly timeframe.
with Good Volume
Price is sustaining above breakout trendline levels
MACD and RSI has given bullish crossover (I have not placed any of indicators which i have discussed above except Volume indicator as i want chart neat and clean but i have analysed all already)
Now focus on stock background
PTC India Limited was established in 1999 by the Government of India as a Public-Private Initiative and is in the power trading business. It is promoted by Power Grid Corporation of India Limited (PGCIL), NTPC Limited (NTPC), Power Finance Corporation Limited (PFC) and NHPC Limited (NHPC)
Market Cap
₹ 3,876 Cr.
Current Price
₹ 131
High / Low
₹ 132 / 67.5
Stock P/E
8.46
Book Value
₹ 170
Dividend Yield
5.96 %
ROCE
9.82 %
ROE
9.15 %
Face Value
₹ 10.0
Debt
₹ 6,546 Cr.
EPS
₹ 15.5
PEG Ratio
0.38
Promoter holding
16.2 %
Intrinsic Value
₹ 165
Pledged percentage
0.00 %
EVEBITDA
6.19
PROS
Company has reduced debt.
Stock is trading at 0.77 times its book value
Stock is providing a good dividend yield of 5.96%.
Company has been maintaining a healthy dividend payout of 49.0%
Company's working capital requirements have reduced from 87.9 days to 63.2 days
CONS
The company has delivered a poor sales growth of 4.58% over past five years.
Promoter holding is low: 16.2%
Company has a low return on equity of 10.3% over last 3 years.
Company might be capitalizing the interest cost
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Note
our best entry got triggered now the door has been opened for blue skyNote
PTC india made high near to 2nd targetNote
Congratulations Guy's, We have achieved all our targets,our entry was 127-132
stop loss was 116
our targets were 150/169/213
Now PTC india is at 215
We have gain 70% in just 5 months.
earlier all time high was 201.4
which was made in 2007
now PTC india is above multiyear
Breakout levels. This 201 level
can act like strong support zone
in near term for PTC india.
PTC india, making HH and HL pattern
seems this is getting ready towards 235+
So, guy's in case you get ptc india
around 201, try to accumulate more
and then your targets will be 222/235+
Rahul Pal (Indian Moderator)
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
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