PTC in daily chart has formed a Cup and Handle chart pattern. Stock is likely to break this pattern upside, this argument is also confirmed by the was it managed to keep itself above all its key moving averages. Stock was in downtrend for long time and now trying hard to keep itself above 200 DMA which is at 62. Traders can buy the stock at CMP (64) for target of 75 in short term and 90-100 in medium to long term.
Stop loss at 60 recommended.
CMP - 64
