iam_jaisonjose

PTC India LTD

Long
NSE:PTC   PTC INDIA LTD
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 in the end of 2010. So this is a strong resistance zone , so if the bulls manage to break this resistance, the next level would be the 1.618 Fib zone.

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