Wishing You All, A Happy Akshaya Tritiya which shall be celebrated on 28th April2017.
Consumer demand is expected to be strong due to the wedding season and traditional custom to buy gold on the occasion of Akshaya Tritiya.
Double Top Break Above 445 should take emotions to new high of 490-500 zone, but please keep a check on your emotions.
Crossing 500 -can attempt 515-520 zone & take a breather & celebrate Akshaya Tritiya with your near ones.
Previous Analysis - Old is Gold- 350 Holds
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07:55 Hrs 9th May017
Closing Price@446
445 Trigger Point for Your emotions to move upside. Staying above 445 is important for PC Jeweller.
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10:12 Hrs 9th May2017
Day High@459
Awesome - move in the first session of the day
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10:25 Hrs 16th May2017
Last Price@459
Crossing for upside as expected above
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14:45 Hrs 16th May2017
Last Price@459
Do not forget this stock -It is gold
Comments
ashokakbari
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what a bounce from 445.65
PR5999
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@ashokakbari, Shooting Star on high shows it will come further down side, waiting for some correction will buy in between 435 to 440.. Lets see what happen..
ashokakbari
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@PR5999, great! you wish fulfill today :) shooting star worked perfectly
sgor1980
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PCJEWELLER seems to have completed its complex corrective pattern @288 and might be in new upward movement. However, it may face resistance around 520-530 if it is about to continue its complex corrective further. As of now it looks more to be start of a new bull run in PCJEWELLER.
Thank you very much for digging out such script for us. Thanks very much. Regards.
WaveTalks
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@sgor1980, I won't guess anything & any new pick only I will take above 530 on sustained basis or market will surprise you.
sgor1980
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@AbhishekHSinghCMT, true.
ashokakbari
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Today we will see pcjeweller 426 to 418 range. . chart saying that it want to come down today.