Stock Information Portal

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

PTC India Limited

Symbol: NSE:PTC

ISIN: INE877F01012

219.44

As on 2024-07-24

111.20 (52W Low) 254.60 (52W High)

PTC's Today's Performance

PTC India Limited started the day by opening at 215.90 today 2024-07-24. Its shares reached a high of 223.37 and dipped to a low of 214.40 in intraday. When the markets closed, PTC’s stock price settled at ₹219.44 per share. Also check out its key support and resistance levels.

PTC Buy/Sell Targets

Tomorrow, buy PTC when its price reaches ₹ 219.44 with a stop-loss order at ₹ 213.98. You can set the target price as ₹ 224.90 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 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 1 224
Tomorrow Down Target 2 228
Tomorrow Down Target 3 233

Important Levels for PTC

Holding Levels Value in ₹
Tomorrow Up Target 1 215
Tomorrow Up Target 2 210
Tomorrow Up Target 3 206
Based on where the stock opens tomorrow, if PTC opens on a positive note, our first target will be ₹224. If Target 1 is achieved, we will aim for Target 2 which is ₹228.

But if PTC falls below the average value of ₹219.07, you can enter a sell side position with target number 1 - ₹215 and second target - ₹210 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

Predicted trend chart of PTC tomorrow for price forecast
PTC may trend may continue to be bullish since stock is making higher highs and we can get target of ₹211 in morning tomorrow
Target 1 tomorrow222
Target 2 tomorrow225
Target 3 tomorrow228
 

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 ₹223.74. If Target 1 is achieved, we will aim for Target 2 which is ₹228.04.

But if PTC falls below the average value of ₹219.07, you can enter a sell side position with target number 1 - ₹214.77 and second target - ₹210.10

PTC's Weekly Targets
1st Up Target 228.31
2nd Up Target 237.18
1st Down Target 205.63
2nd Down Target 191.82

As the week for PTC ended on bullish sentiments, we can expect further continuation of this sentiment. PTC's initial target will be 228.31 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 205.63 in the upcoming week.

Weekly OHLC Values
Open 215.00
High 223.37
Low 200.69
Close 219.44

Week for PTC started with an open price of 215.00, and the close was at 219.44. PTC reached the highest of 223.37 and dipped lowest up to 200.69 last week. This indicates a bullish sentiment for the week.

PTC full month swing targets
Monthly Up Target 1 250.99
Monthly Up Target 2 259.86
Monthly Down Target 1 182.95
Monthly Down Target 2 146.46

Targets of ₹250.99 can be expected to be reached in the coming month. Once PTC achieved this target, we can aim for the next upside target of ₹259.86.

PTC if fails to hold upside, down targets of ₹182.95 and ₹146.46 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 223.74 in tomorrow's trading session.

After achieving the initial target in PTC, we will aim for higher targets of 228.04 tomorrow.

However, if PTC starts to trade below ₹219.07, then we will shift our focus to the sell side and aim for down targets of 214.77 and 210.10.