PTC India Limited Stock Forecast

Red day on Friday for PTC India Limited
(Updated on May 31, 2024)

PTC.BO Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The PTC India Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹222.74 and ₹219.82. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -9.84%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for PTC India Limited stock

PTC India Limited finds support from accumulated volume at ₹199.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹8.40 between high and low, or 4.06%. For the last week, the stock has had daily average volatility of 3.90%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PTC.BO) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect PTC India Limited to open at ₹210.62, and during the day (based on 14 day Average True Range), to move between ₹200.24 and ₹218.46, which gives a possible trading interval of +/-₹9.11 (+/-4.35%) up or down from last closing price. If PTC India Limited takes out the full calculated possible swing range there will be an estimated 8.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹209.70 (0.17%) than the support at ₹199.80 (4.56%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is PTC India Limited stock A Buy?

The PTC India Limited stock holds several negative signals and despite the positive trend, we believe PTC India Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.525 Sell Candidate Unchanged

Predicted Opening Price for PTC India Limited of Monday, June 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.