The price action is in uptrend making higher highs and higher lows and currently trading above 100 day EMA. Initial resistance lies around 14.40 and secondary resistance lies around 16.20, upon breaching these levels the stock has potential to make more higher highs. Use stop loss below 12.50 to manage risk.
PTC HAS FORMED A BULLISH FLAG PATTERN, bullish move is expected in coming days, long entry recommended in PTC.
11.40 - 13.40 is an Important Support Zone also Golden Pocket of recent rally No Bearish Divergence on Bigger TF yet However, one bearish Weekly candle may create a Bearish Divergence
PTC was trending Bullish trend in 1Day time frame, was printing Higher hig and Higher lows but now it shows trend reversal as sellers are in contraoll.
It has started making HH HL on Hourly TF Seems like taking Support from Trendline Support level
🚀 Stock Alert: PTC 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Entry Range: 9.10 - 9.20 🎯 Target : 10.14 ⚠ Stop Loss: 8.57 ⏳ Nature of Trade: Short Term 📉 Risk Level: Medium ☪ Shariah Compliant: NO 💰 Dividend Paying: NO
PTC:PSX was in consolidation since Dec 22. However, it has formed a bullish divergence on 1D timeframe in conjunction with forming a double bottom pattern pattern. On last working that that is 13 Oct 23, it has also made a bullish engulfing candle, triggering our target entry levels. SL and TP have been marked on chart. This analysis also holds confluence with 1W...