PTC India (Swing):PTC India (Swing):
PTC is on a nice setup.
Here the present position offers a trade with RR of more than 1:5.
PTC is also well set for a significant up move by breaking the all time high.
Appropriate supply and demand zones are highlighted.
Check out my earlier views for a better understanding.
Note: Do your own due diligence before taking any action.
Ptcindia
PTC INDIA BREAKOUTNSE:PFS has a good price action structure. It was consolidating in a bullish ascending triangle pattern from which it broke out and gave huge momentum.
Volumes are the highest since 52 weeks. A good sign of strength.
Similar to Adani green, I expect some sort of retrace in the coming days to make a fresh entry.
Stop loss placed below the recent swing low for now. Adjust according to future entry by placing below trendline.
Targets: 30/35+
sl: below 19.3 or below trendline
Position size accordingly. Don't jump in. Let go of trade if price doesn't retrace. HAPPY TRADING!