Price and trend forecast of PTC for Tomorrow, Weekly, Monthly
PTC India Limited
Symbol: NSE:PTC
ISIN: INE877F01012
187.52
As on 2024-10-17
PTC's Today's Performance
PTC India Limited started the day by opening at 188.51 today 2024-10-17. Its shares reached a high of 190.40 and dipped to a low of 186.20 in intraday. When the markets closed, PTC’s stock price settled at ₹187.52 per share. Also check out its key support and resistance levels.
PTC Buy/Sell Targets
Tomorrow, sell PTC when its price reaches ₹ 187.52 with a stop-loss order at ₹ 189.63. You can set the target price as ₹ 185.42 to capture potential gains. This sell 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 levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for PTC
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 190 |
| Tomorrow Down Target 2 | 192 |
| Tomorrow Down Target 3 | 194 |
Important Levels for PTC
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 186 |
| Tomorrow Up Target 2 | 184 |
| Tomorrow Up Target 3 | 181 |
Based on where the stock opens tomorrow, if PTC opens on a positive note, our first target will be ₹190. If Target 1 is achieved, we will aim for Target 2 which is ₹192.
But if PTC falls below the average value of ₹188.04, you can enter a sell side position with target number 1 - ₹186 and second target - ₹184 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 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, PTC has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for PTC is moderate bearish.
Tomorrow's Volume based share price Forecast for PTC
PTC'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 -79%.
Reversal detection for PTC
PTC may trend may continue to be bearish since stock is making lower low and we can get target of ₹189 in morning tomorrow
| Target 1 tomorrow | 190 |
| Target 2 tomorrow | 191 |
| Target 3 tomorrow | 192 |
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 ₹189.88. If Target 1 is achieved, we will aim for Target 2 which is ₹192.24.
But if PTC falls below the average value of ₹188.04, you can enter a sell side position with target number 1 - ₹185.68 and second target - ₹183.84
PTC's Weekly Targets
| 1st Up Target | 194.77 |
| 2nd Up Target | 202.03 |
| 1st Down Target | 183.23 |
| 2nd Down Target | 178.95 |
As the week for PTC ended on bearish sentiments, we can expect further continuation of this sentiment. PTC's initial target will be 194.77 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 183.23 in the upcoming week.
Weekly OHLC Values
| Open | 196.40 |
| High | 197.74 |
| Low | 186.20 |
| Close | 187.52 |
Week for PTC started with an open price of 196.40, and the close was at 187.52. PTC reached the highest of 197.74 and dipped lowest up to 186.20 last week. This indicates a bearish sentiment for the week.
PTC full month swing targets
| Monthly Up Target 1 | 206.31 |
| Monthly Up Target 2 | 213.57 |
| Monthly Down Target 1 | 171.69 |
| Monthly Down Target 2 | 155.87 |
Targets of ₹206.31 can be expected to be reached in the coming month. Once PTC achieved this target, we can aim for the next upside target of ₹213.57.
PTC if fails to hold upside, down targets of ₹171.69 and ₹155.87 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 189.88 in tomorrow's trading session.
After achieving the initial target in PTC, we will aim for higher targets of 192.24 tomorrow.
However, if PTC starts to trade below ₹188.04, then we will shift our focus to the sell side and aim for down targets of 185.68 and 183.84.