Ptc could drop more Ptc completed its Bullish Elliott wave now it is in bearish Elliott wave and it completed its 4th step and heading to 5th step and it could drops more.
Note: This is not a buy or sell call. Use stop loss.
PTC trade ideas
PTC for 17% gainsPTC can be traded for over 17% gains. The stock has completed its completed its 38% retracement and now about to make another Higher High
Daily Closing is required above 28.51, thereafter first resistance is 28.88, once the stock sustains above that level. Trade can be entered into with Stop loss level of 23 for a Target Price of 34.08
Crossing 28.51 will trigger the classic ABCD pattern, final projection will be around 34.88 which could be the PRZ
PTC - PSX - Technical AnalysisPTC is in a sharp bull run.
On Daily TF, after making a CUP& HANDLE pattern it is going upwards towards TP-1. Since there is no sign of divergence on RSI, therefore, instant buy can be initiated. On reaching TP-1 one must see the RSI indicator for any retracement sign, if no such sign present then continue riding the trend. On other hand on retracement, a new Buy can be initiated. Already defined Higher Low will be the Stop Loss.
Trade Call
Buy-1 (Mkt): 24.57
TP1: 26.52
SL : 18.82
Buy-2: 22.94
TP: 32.48
SL: 18.82
PTC - PSX - Technical AnalysisPTC - Analysis
Since June 2024 price is moving in sideways channel.
Presently, on Daily TF, price has crossed Bollinger Band's upper band line. Therefore, price is likely to come down. Remember the central line of BB acts as a magnet and price always tries to catch up with it.
On RSI 70 value indicates that bullish momentum is ON without any divergence. Therefore, price may test 14.00. But for going into bull run price must cross 15 which was previous Lower High.
Therefore, buying should not be carried out till its price touches 15.
PSX - PTC - Bullish Trendhe current market is showing a strong uptrend characterized by a series of higher highs and higher lows, indicating robust bullish momentum. There is no divergence present, suggesting that the trend remains intact. However, today’s volume appears light, which may signal a lack of strong conviction behind the rally.
Traders should be cautious as light volumes can make the trend more susceptible to pullbacks. It’s essential to monitor changes in volume patterns moving forward. A significant increase in volume supporting the uptrend would be a positive sign, while a pullback on light volume may indicate a potential consolidation phase.
PTC | Bullish TrendThe price action is in uptrend making higher highs and higher lows and currently trading above 100 day EMA. Initial resistance lies around 14.40 and secondary resistance lies around 16.20, upon breaching these levels the stock has potential to make more higher highs. Use stop loss below 12.50 to manage risk.
PTC is BullishPrice was in a strong downtrend, however bullish divergence emerged on daily time frame, which was followed by the break of last lower high. First higher high is printed and if that is broken we can expect a bullish rally according to Dow theory. Targets are mentioned on the chart.
PTC - BULLISH FLAGPTC HAS FORMED A BULLISH FLAG PATTERN, bullish move is expected in coming days, long entry recommended in PTC.
Trade Carefully11.40 - 13.40 is an Important Support Zone
also Golden Pocket of recent rally
No Bearish Divergence on Bigger TF yet
However, one bearish Weekly candle may create
a Bearish Divergence
PTC in Bearish TrendPTC was trending Bullish trend in 1Day time frame, was printing Higher hig and Higher lows but now it shows trend reversal as sellers are in contraoll.
HH HL on HourlyIt has started making HH HL on Hourly TF
Seems like taking Support from Trendline Support
level
PTC🚀 Stock Alert: PTC
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 9.10 - 9.20
🎯 Target : 10.14
⚠ Stop Loss: 8.57
⏳ Nature of Trade: Short Term
📉 Risk Level: Medium
☪ Shariah Compliant: NO
💰 Dividend Paying: NO
PTC:PSX Bullish reversal observedPTC:PSX was in consolidation since Dec 22. However, it has formed a bullish divergence on 1D timeframe in conjunction with forming a double bottom pattern pattern. On last working that that is 13 Oct 23, it has also made a bullish engulfing candle, triggering our target entry levels. SL and TP have been marked on chart. This analysis also holds confluence with 1W timeframe.
