PTC - PSX - Technical AnalysisPTC is in a sharp bull run.
On Daily TF, after making a CUP& HANDLE pattern it is going upwards towards TP-1. Since there is no sign of divergence on RSI, therefore, instant buy can be initiated. On reaching TP-1 one must see the RSI indicator for any retracement sign, if no such sign present then continue riding the trend. On other hand on retracement, a new Buy can be initiated. Already defined Higher Low will be the Stop Loss.
Trade Call
Buy-1 (Mkt): 24.57
TP1: 26.52
SL : 18.82
Buy-2: 22.94
TP: 32.48
SL: 18.82
