Not one of the most exciting stocks around, PTC India has been a market laggard like all other power stocks. But now the stock has formed a 1.5 month ascending triangle from 60 to 51 range. Now the stock has given a break out at 61 range. Currently it is trading near 63 range. Wait for a pullback to 61 levels. Place a stoploss at 57 and buy with a target of 69. Refer the chart below.
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