PTC India Limited Stock Forecast
Green day on Friday for PTC India Limited stock after gaining 0.467%
(Updated on May 17, 2024)
The PTC India Limited stock price gained 0.467% on the last trading day (Friday, 17th May 2024), rising from ₹224.75 to ₹225.80. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.55% from a day low at ₹223.30 to a day high of ₹229.00. The price has risen in 7 of the last 10 days but is still down by -3.5% for this period. Volume fell on the last day by -73 thousand shares and in total, 1 million shares were bought and sold for approximately ₹334.98 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.25% during the next 3 months and, with a 90% probability hold a price between ₹240.31 and ₹292.27 at the end of this 3-month period.
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PTC.NS Signals & Forecast
The PTC India Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹216.83 and ₹213.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 8.48%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for PTC India Limited stock
PTC India Limited finds support from accumulated volume at ₹225.55 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 ₹5.70 between high and low, or 2.55%. For the last week, the stock has had daily average volatility of 3.89%.
Since the PTC India Limited has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: ₹217.81 (-3.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (PTC.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect PTC India Limited to open at ₹226.03, and during the day (based on 14 day Average True Range), to move between ₹216.50 and ₹235.10, which gives a possible trading interval of +/-₹9.30 (+/-4.12%) up or down from last closing price. If PTC India Limited takes out the full calculated possible swing range there will be an estimated 8.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹225.55 (0.11%) than the resistance at ₹230.45 (2.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PTC India Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PTC India Limited stock to perform well in the short-term.
Current score: 1.855 Buy Candidate Unchanged
Predicted Opening Price for PTC India Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹226.03 ( 0.103%) | ₹225.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PTC.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 231.73 | 2.63 % | |
| R2 | 229.56 | 1.66 % | ||
| R1 | 228.21 | 1.07 % | ||
| Current price: | 225.80 | |||
| Support | S1 | 223.86 | -0.86 % | |
| S2 | 222.51 | -1.46 % | ||
| S3 | 220.33 | -2.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 234.00 | 3.63 % | |
| R2 | 231.55 | 2.55 % | ||
| R1 | 230.45 | 2.06 % | ||
| Current price | 225.80 | |||
| Support | S1 | 225.55 | -0.111% | |
| S2 | 219.95 | -2.59% | ||
| S3 | 209.60 | -7.17% |
PTC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2022 | Dec 15, 2022 | Dec 15, 2022 | ₹5.80 | 6.66% |
| 2 | Nov 25, 2021 | Nov 25, 2021 | Nov 25, 2021 | ₹2.00 | 1.71% |
| 3 | Sep 08, 2021 | Sep 08, 2021 | Sep 08, 2021 | ₹5.50 | 5.36% |
| 4 | Nov 19, 2020 | Nov 19, 2020 | Nov 19, 2020 | ₹2.00 | 3.80% |
| 5 | Sep 14, 2020 | Sep 14, 2020 | Sep 14, 2020 | ₹5.50 | 10.00% |
FAQ
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