February 09, 2017
PTC India Ltd (NSE Cash)
88 - 89
Source: Falcon (Time: 09:45 IST)
Due to decent upmove in last few weeks, the stock is giving ‘Falling Trendline’ breakout on monthly chart (see exhibit).
Volumes had also picked up in recent up move, which shows buying by strong hands. The ‘RSI - Smoothened’ oscillator
on both monthly and weekly chart indicates further positive momentum in the counter in upcoming sessions. Also, the
set of moving averages (E5, E20 and E89) are placed positively along with ‘Parabolic SAR’ on daily, weekly and monthly
charts, indicating strength in the counter. Considering current chart structure, we are expecting healthy up move in the
Thus, we advise traders to buy this stock at current levels and on declines up to
88 for a target of
coming 2 months. The stop loss for this trade set up can be kept at
Jay Kumar Purohit
022-3935 7600 Extn: 6844
February 09, 2017
Last 10 recommendations
Recom. Buying/Selling Range CMP
152 - 154
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Booked Profit at 840
156 - 158
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248 - 250
Booked Profit at 203.50
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552)
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