PTC INDIA
RSI - Daily & Weekly - oversold Zone
Good Support @ 118 Levels
If long term HOLD need not worry, But incase you want to Enter now please wait the prices will have a correction then buy
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Keep a eye on this stock , making a Descending Triangle pattern on monthly chart.
on breakout , it can double from current price.
And most important thing , it is one of the highest dividend paying company.
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The share price of PTC Ltd has retraced to the monthly trend line and has shown signs of possible reversal on the trend line. The RSI and the Stochastic Indicators are also showing the price to be on oversold levels. The next resistance for this share is the 130 price range which is the previous high of 2017. The price did also revert at this resistance zone...
The down ward targets have been calculated from the following Point and figure chart...
invst.ly
Disclaimer.. Invested and will try to bottom fish...Not an investing/trading recommendation
Expecting PTC India to break this level of consolidation zone building for many years !!
For the time being :
Target 90
Stop Loss : 82
Time Frame : Within This week
