Upside Prevails
Our Pivot: 13.46
Our Preference: Buy PTC above 15.78 and average it out till 14.60 with strict stop loss of 13.46 and target at 17.11 and 17.83.
Alternate Scenario: Downward penetration of 13.46 will call for 12.10.
NOTE: PTC have penetrated its bearish trend channel in upward direction and right now its getting support from a rising trend line along with horizontal supportive region. Weekly stochastic also have generated a bullish crossover.
Recommendations:
Buy above 15.78 and average it out till 14.60 with target at 17.11 and 17.83.
Weekly Chart with Supports and Resistances:
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