niftytrader

PCJ :Looks like th ebounce was due to ban short covering...

Short
NSE:PCJEWELLER   PC JEWELLER LTD
SELL at CMP 200 with stop at 220

Comments

today it has made dark cloud candlestick pattern on daily chart, may be downside possible tomorrow, what should be the SL in case of shorting ?
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Thank you for this informative chart. Is there any chance it'll come to my buying price of 242 :( ?
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amarbajaj22 sahilmathur
@sahilmathur, i also analyse the same thing, according to me, tomorrow the stock will touch low of 140 around, then after taking support their, stock started to rise, and after tomorrow, stock rise too much (10 may buy back meeting), and most probably on 25 may when good quarter end and year end reports come, this stock will be around 350 at the end of this month. (it all my analysis)
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liveforwin amarbajaj22
@amarbajaj22, Are you sure ?
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amarbajaj22 liveforwin
@liveforwin, most probably, if not 140 low, 175 -170 low for sure.
Reply
liveforwin amarbajaj22
@amarbajaj22, CMP is 213, I don't think that it will go low.
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