PTC INDIA BREAKOUT
Updated
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!
Trade closed: stop reached
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