Keep your eyes out on PTC India

PTC India is a heavy volume traded stock on NSE. Today PTC India closed @ 111.55 (+13.13%) before touching a high @ 115.95. However, along the trend line, a head and shoulder pattern is observed which could indicate a trend reversal. If the trend reverses, this stock price could be seen falling down to the range of 91 - 92. After this, the stock might again make a trend reversal, and buying PTC @ 91 - 92 could help us book profits when the stock reaches its first target @ 103.45 and second target @ 110.80 before suffering resistance. This stock may take time to execute these changes and may have to be held for a medieval period of time.