very strong breakout on all timeframes
mcap 4320cr
cmp 146 vs book value 170
stock pe 9.43 vs industry pe 38.3
debt 1.30
dividend 5.35
promoter 16.22 CONSTANT from MARCH 2017
took very small position
will add/reduce accordingly
bought yesterday
Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Defense theme
Could be the next front runner in the defense sector
Looks really good and entry can taken taken above 118
Follow the levels marked in the chart for SL and targets
Gautam Adani among potential suitors for a stake in govt-backed PTC
Prime support @ 89
Selling climax @ 71
Test @ 66
Entry @83
SL 70
Disclaimer: Due Diligence
#PTCINDIA
Closed Price 87.90
This stock will fall by 10% in coming days
so it will come around 80
After that 80 is very good support and travel my route
