AbhishekHSinghCMT

PC Jewellers- Amazing! --Will it be heading for the 435-445 zone

Long
NSE:PCJEWELLER   PC JEWELLER LTD
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5
As per the long term strategy suggested in the update "Bullish against 350"--PC Jewellers had a fall exactly very close to 350 & bounced so next update- "PC Jewellers played "Kaipidi" with 350- Bang on move"
As suggested in long term update - it could head to 435-445 where it retraces 61.8%.

What Next-
If sustains above 409-411 zone likely heads next to 422-425 zone & above 425- to final target zone 435-445.

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Update-1
Bullish against 350

Update-2
PC Jewellers Played Kaipidi with 350
Trade active: 11:25 Hrs 6th Jan2016

Last Price@413

It opened gap up at 416-417 --rushed to 424-425 as suggested & falls back to 410-413 zone --Isn't that amazing.

Next if moves above 425 & sustains the 435-445

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

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Comments

Good work Abhishek....PCJ is also getting fundamental support from the current Gold rally from oversold levels....in my view Gold rally has few more legs on the upside
Reply
@sanjivt, Yes -few days of consolidation & then gold zooms up -up & away....
Reply
AbhishekHSinghCMT AbhishekHSinghCMT
@AbhishekHSinghCMT, But PC Jeweller- we should avoid any long positions unless it goes above 425 as per the update- had a fall exactly from 424-425 zones
Reply
sanjivt AbhishekHSinghCMT
Agree@AbhishekHSinghCMT, I would rather play Gold longs....I'm carrying longs from 27000/- levels and looking to add upon any correction this week, if it happens. Seems like the best positional trade for the first half of 2017.
Reply
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