PTCIL– Momentum Setup Update (#VGM Framework)

[nishshkumarjaani@gmail.com]

PTCIL– Momentum Setup Update (#VGM Framework)

the stock has qualified all key criteria, indicating a strong structural setup:

Bullish MAST alignment
Last two columns Low above 2 EMA (sustained strength)
Active Double Top Buy breakout structure

From a price projection perspective:

Open counts suggest ₹21,000 and ₹29,000 levels
Current price: ~₹17,400 → offers favorable risk-reward positioning

Business Strength

The company operates across high-entry-barrier segments:

Aerospace
Defence
Oil & Gas
LNG & Cryogenic
Marine
Industrial Engineering

Strategy View

This is a structurally strong candidate with momentum confirmation.

Keep it on your active radar and execute as per your own trading system & risk framework.

Nishesh Jani,CFTe

#MomentumInvesting #VGM #StockMarketIndia #TechnicalAnalysis #BreakoutStocks #MakeInIndia #Aerospace #DefenceStocks #TrendFollowing #RiskManagement #nisheshjani #AhmedabadNest