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Pakistan Telecommunication Co. Ltd. Class APakistan Telecommunication Co. Ltd. Class APakistan Telecommunication Co. Ltd. Class A

Pakistan Telecommunication Co. Ltd. Class A

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PTC trade ideas

PTC - PSX - Technical AnalysisPTC is in a sharp bull run. On Daily TF, after making a CUP& HANDLE pattern it is going upwards towards TP-1. Since there is no sign of divergence on RSI, therefore, instant buy can be initiated. On reaching TP-1 one must see the RSI indicator for any retracement sign, if no such sign present then continue riding the trend. On other hand on retracement, a new Buy can be initiated. Already defined Higher Low will be the Stop Loss. Trade Call Buy-1 (Mkt): 24.57 TP1: 26.52 SL : 18.82 Buy-2: 22.94 TP: 32.48 SL: 18.82
PSX:PTCLong
by Golden_Spur
PTC - PSX - Technical AnalysisPTC - Analysis Since June 2024 price is moving in sideways channel. Presently, on Daily TF, price has crossed Bollinger Band's upper band line. Therefore, price is likely to come down. Remember the central line of BB acts as a magnet and price always tries to catch up with it. On RSI 70 value indicates that bullish momentum is ON without any divergence. Therefore, price may test 14.00. But for going into bull run price must cross 15 which was previous Lower High. Therefore, buying should not be carried out till its price touches 15.
PSX:PTC
by Golden_Spur
1
PSX - PTC - Bullish Trendhe current market is showing a strong uptrend characterized by a series of higher highs and higher lows, indicating robust bullish momentum. There is no divergence present, suggesting that the trend remains intact. However, today’s volume appears light, which may signal a lack of strong conviction behind the rally. Traders should be cautious as light volumes can make the trend more susceptible to pullbacks. It’s essential to monitor changes in volume patterns moving forward. A significant increase in volume supporting the uptrend would be a positive sign, while a pullback on light volume may indicate a potential consolidation phase.
PSX:PTCLong
by gulraizali90
1