GO LONG ON - PTCOne is advised to Go long on PTC at current market price band of 155- 162. The Daily and Weekly charts have formed Lower Swing Lows. The RSI also indicated oversold condition on all Time Frame. Also the script has corrected almost 35% from the highs of 246.00. One is advised to go long PTC with SL - 140.00. Target Short term 182.00 & Long Term 200.00
PTC trade ideas
PTC INDIA LONGPTC INDIA
MTF Analysis
PTC India Yearly Demand Breakout 203
PTC India 6 Month Demand Breakout 203
PTC India Qtrly Demand BUFL 158.8
PTC India Monthly Demand DMIP 208.5
PTC India Weekly BUFL 205
PTC India Daily DMIP 207
ENTRY 207
SL 204
RISK 3
Target 303
REWARD POINT 96
Last High 255
RR 32.00
RR 46%
PTC India ltd - Investment IdeaSymmetrical Triangle formation. Breakout or breakdown
will show us direction. Still the company is good fundamentally.
Currently trading at support level which created good RR to go long.
Results were good still reaction needs to come.
For me personally targets are big on upside, this may test our patience
before bullish trend gets started.
if you're patient enough this may give you decent returns in long run.
Disc - personally holding this in good numbers.
Just analyse before taking any trade.
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.
PTC INDIABreakout 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 into shifts in market sentiment and potential price movements.
3. **Entry Points:** Breakout points serve as potential entry points for traders looking to ride the momentum of a newly established trend. Buying on a breakout can capture the early stages of a price movement.
4. **Confirmation of Strength:** Successful breakouts indicate the strength of a trend. If an asset breaks out with high volume and follows through with sustained price movement, it suggests a strong trend in that direction.
5. **Avoiding False Signals:** Breakout strategies often include using indicators or confirmation signals to avoid false breakouts. This can enhance the accuracy of trade decisions.
6. **Defined Risk and Reward:** Breakout trading allows for setting clear stop-loss levels below the breakout point, which helps manage risk. Traders can also calculate potential profits based on the distance between the breakout point and a projected target.
7. **Adaptable to Various Markets:** Breakout trading can be applied to various markets, including stocks, forex, commodities, and cryptocurrencies. The concept remains consistent across different assets.
8. **Flexibility:** Traders can adapt breakout strategies to their preferred timeframes, whether they are day traders, swing traders, or long-term investors.
9. **Liquidity Opportunities:** Breakout points are often associated with increased trading volume, which can provide better liquidity for executing trades.
10. **Risk vs. Reward Assessment:** Traders can evaluate the potential risk of a trade (stop-loss) against the potential reward (target price), aiding in decision-making and portfolio management.
11. **Psychological Advantage:** Successful breakout trades can boost a trader's confidence and discipline, reinforcing the effectiveness of their strategy.
12. **Market Events:** Breakouts can occur around significant market events such as earnings reports, economic data releases, or geopolitical developments, offering traders opportunities to capitalize on sudden price movements.
Remember, while breakout trading offers potential advantages, it also carries risks. False breakouts and market reversals can lead to losses. Successful implementation requires a solid understanding of technical analysis, risk management, and the ability to adapt to changing market conditions.
Resistance BreakoutPlease 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