#PTC
CMP ₹. 160.6
PTC India Ltd is a public - private sector holding company engaged in the trading of power who has got permission to trade unlimited volumes from central electricity regulatory commission. Eventhough fundamentals looking not good but financials are improving. Revenue and net profit increasing . Debts will get reduced if the proposal for acquisition of its subsidiary PTC Energy Ltd by ONGC Ltd. Stock has broken it's multiyear resistance trend line. Cup & Handle breakout also happened. Steep parallel channel movement also identified from charts. Technically looking bullish. 250- 270 levels can be accomplished soon. Stoploss @ 150 levels.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
CMP ₹. 160.6
PTC India Ltd is a public - private sector holding company engaged in the trading of power who has got permission to trade unlimited volumes from central electricity regulatory commission. Eventhough fundamentals looking not good but financials are improving. Revenue and net profit increasing . Debts will get reduced if the proposal for acquisition of its subsidiary PTC Energy Ltd by ONGC Ltd. Stock has broken it's multiyear resistance trend line. Cup & Handle breakout also happened. Steep parallel channel movement also identified from charts. Technically looking bullish. 250- 270 levels can be accomplished soon. Stoploss @ 150 levels.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .