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Price and trend forecast of PFS for Tomorrow, Weekly, Monthly

PTC India Financial Services Limited

Symbol: NSE:PFS

ISIN: INE560K01014

39.80

As on 2024-04-16

13.90 (52W Low) 67.95 (52W High)

PFS's Today's Performance

PTC India Financial Services Limited started the day by opening at 38.50 today 2024-04-16. Its shares reached a high of 40.40 and dipped to a low of 38.40 in intraday. When the markets closed, PFS’s stock price settled at ₹39.80 per share. Also check out its key support and resistance levels.

PFS Buy/Sell Targets

Tomorrow, buy PFS when its price reaches ₹ 39.80 with a stop-loss order at ₹ 38.72. You can set the target price as ₹ 40.88 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of PFS for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for PFS

Resistance Levels Value in ₹
Tomorrow Resistance 1 41
Tomorrow Resistance 2 42
Tomorrow Resistance 3 43

Important Supports for PFS

Support Levels Value in ₹
Tomorrow Support 1 39
Tomorrow Support 2 38
Tomorrow Support 3 37
Based on where the stock opens tomorrow, if PFS opens on a positive note, our first target will be ₹41. If Target 1 is achieved, we will aim for Target 2 which is ₹42.

But if PFS falls below the average value of ₹39.53, you can enter a sell side position with target number 1 - ₹39 and second target - ₹38 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of PFS

Looking at PFS, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, PFS has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for PFS is moderate bearish.

Tomorrow's Volume based share price Forecast for PFS

PFS's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -14%.

Reversal detection for PFS

Predicted trend chart of PFS tomorrow for price forecast
PFS may trend may continue to be bullish since stock is making higher highs and we can get target of ₹39 in morning tomorrow
Target 1 tomorrow40
Target 2 tomorrow41
Target 3 tomorrow42
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with PFS's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if PFS opens on a positive note, our first target will be ₹40.67. If Target 1 is achieved, we will aim for Target 2 which is ₹41.53.

But if PFS falls below the average value of ₹39.53, you can enter a sell side position with target number 1 - ₹38.67 and second target - ₹37.53

PFS's Weekly Targets
1st Up Target 40.68
2nd Up Target 41.57
1st Down Target 38.63
2nd Down Target 37.47

As the week for PFS ended on bullish sentiments, we can expect further continuation of this sentiment. PFS's initial target will be 40.68 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 38.63 in the upcoming week.

Weekly OHLC Values
Open 38.55
High 40.40
Low 38.35
Close 39.80

Week for PFS started with an open price of 38.55, and the close was at 39.80. PFS reached the highest of 40.40 and dipped lowest up to 38.35 last week. This indicates a bullish sentiment for the week.

PFS full month swing targets
Monthly Up Target 1 42.73
Monthly Up Target 2 43.62
Monthly Down Target 1 36.58
Monthly Down Target 2 33.37

Targets of ₹42.73 can be expected to be reached in the coming month. Once PFS achieved this target, we can aim for the next upside target of ₹43.62.

PFS if fails to hold upside, down targets of ₹36.58 and ₹33.37 can be achieved by end of this month.

For complete three weeks if PFS is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as PFS

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

PFS is expected to reach the target of 40.67 in tomorrow's trading session.

After achieving the initial target in PFS, we will aim for higher targets of 41.53 tomorrow.

However, if PFS starts to trade below ₹39.53, then we will shift our focus to the sell side and aim for down targets of 38.67 and 37.53.