AbhishekHSinghCMT
Long

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

NSE:PCJEWELLER   PC JEWELLER LIMITE
207 4 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.

Click the charts below & use load bar feature to see future bars


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
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
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
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@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.
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