PTC ( Cash segment ) has given a close at 99.55. Since
past few weeks, this stock is in an uptrend. One can see the breakout above 97.
Please see the chart below to see the breakout. There is a strong resistance at
101 and then 104. But the chart given below, suggests initiating a long. So one
can initiate
a long position in this stock with a small quantity as we have
already discussed in previous post about the normal trend and behavior of NIFTY
in short term about 2 ½ month’s time. So a small quantity or a quantity
suitable to your appetite will be keeping you stress free. The targets can be
set at 104 and 108 and a strict and closing basis Stop Loss must be maintained
at 95.
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