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

PTC India Limited

Symbol: NSE:PTC

ISIN: INE877F01012

209.60

As on 2024-04-16

90.50 (52W Low) 254.60 (52W High)

PTC's Today's Performance

PTC India Limited started the day by opening at 201.60 today 2024-04-16. Its shares reached a high of 211.45 and dipped to a low of 200.00 in intraday. When the markets closed, PTC’s stock price settled at ₹209.60 per share. Also check out its key support and resistance levels.

PTC Buy/Sell Targets

Tomorrow, buy PTC when its price reaches ₹ 209.60 with a stop-loss order at ₹ 204.90. You can set the target price as ₹ 214.30 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 PTC 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 PTC

Resistance Levels Value in ₹
Tomorrow Resistance 1 214
Tomorrow Resistance 2 218
Tomorrow Resistance 3 225

Important Supports for PTC

Support Levels Value in ₹
Tomorrow Support 1 203
Tomorrow Support 2 196
Tomorrow Support 3 191
Based on where the stock opens tomorrow, if PTC opens on a positive note, our first target will be ₹214. If Target 1 is achieved, we will aim for Target 2 which is ₹218.

But if PTC falls below the average value of ₹207.02, you can enter a sell side position with target number 1 - ₹203 and second target - ₹196 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 PTC

Looking at PTC, we've seen a Increasing 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, PTC has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for PTC is moderate bullish.

Tomorrow's Volume based share price Forecast for PTC

PTC's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -79%.

Reversal detection for PTC

Predicted trend chart of PTC tomorrow for price forecast
PTC may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹200 in morning tomorrow
Target 1 tomorrow211
Target 2 tomorrow214
Target 3 tomorrow218
 

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 PTC'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 PTC opens on a positive note, our first target will be ₹214.03. If Target 1 is achieved, we will aim for Target 2 which is ₹218.47.

But if PTC falls below the average value of ₹207.02, you can enter a sell side position with target number 1 - ₹202.58 and second target - ₹195.57

PTC's Weekly Targets
1st Up Target 216.18
2nd Up Target 222.77
1st Down Target 198.28
2nd Down Target 186.97

As the week for PTC ended on bullish sentiments, we can expect further continuation of this sentiment. PTC's initial target will be 216.18 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 198.28 in the upcoming week.

Weekly OHLC Values
Open 195.00
High 211.45
Low 193.55
Close 209.60

Week for PTC started with an open price of 195.00, and the close was at 209.60. PTC reached the highest of 211.45 and dipped lowest up to 193.55 last week. This indicates a bullish sentiment for the week.

PTC full month swing targets
Monthly Up Target 1 234.08
Monthly Up Target 2 240.67
Monthly Down Target 1 180.38
Monthly Down Target 2 151.17

Targets of ₹234.08 can be expected to be reached in the coming month. Once PTC achieved this target, we can aim for the next upside target of ₹240.67.

PTC if fails to hold upside, down targets of ₹180.38 and ₹151.17 can be achieved by end of this month.

For complete three weeks if PTC 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 PTC

Symbol Name Industry
NTPC NTPC Limited Utilities - Regulated Electric
ADANIGREEN Adani Green Energy Limited Utilities - Renewable
POWERGRID Power Grid Corporation of India Limited Utilities - Regulated Electric
ADANIPOWER Adani Power Limited Utilities - Independent Power Producers
TATAPOWER Tata Power Company Limited Utilities - Independent Power Producers

Summary

PTC is expected to reach the target of 214.03 in tomorrow's trading session.

After achieving the initial target in PTC, we will aim for higher targets of 218.47 tomorrow.

However, if PTC starts to trade below ₹207.02, then we will shift our focus to the sell side and aim for down targets of 202.58 and 195.57.