Ptc Industries Limited Stock Forecast

Green day on Thursday for Ptc Industries Limited
(Updated on Jul 04, 2024)

PTCIL.NS Signals & Forecast

The Ptc Industries 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 ₹14,109.59 and ₹11,058.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 82.32%. 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 Industries Limited stock

Ptc Industries Limited finds support from accumulated volume at ₹14,729.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹439.85 between high and low, or 2.97%. For the last week, the stock has had daily average volatility of 6.25%.

Our recommended stop-loss: ₹14,538.77 (-3.06%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (PTCIL.NS) For The Upcoming Trading Day Of Friday 5th

For the upcoming trading day on Friday, 5th we expect Ptc Industries Limited to open at ₹15,019.95, and during the day (based on 14 day Average True Range), to move between ₹14,144.82 and ₹15,850.58, which gives a possible trading interval of +/-₹852.88 (+/-5.69%) up or down from last closing price. If Ptc Industries Limited takes out the full calculated possible swing range there will be an estimated 11.37% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₹14,729.60, some ₹268.10 (1.79%) from the current price of ₹14,997.70, our system finds the risk reward attractive.

Is Ptc Industries Limited stock A Buy?

Ptc Industries Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Ptc Industries Limited of Friday, July 5, 2024

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