Kinnari_Prajapati
Long

PCJEWELLER detected buyers and price attraction by buyers

NSE:PCJEWELLER   PC JEWELLER LIMITE
Buyers already attracted this stock to buy at 52. and the CMP is at 60.

  • We expect a price spike on this stock for target 74-77 first one.
  • There are two strategies for entering into this stock, 1). buy between 55-58 with stop loss of 52 and 2nd). buy above 63.7 above and wait for the target.

--> I don't not use Fin Retracement theory on all stocks but when require then it will give us perfect trade. I used Fibonacci Analysis: Bloomberg Market Essentials: Technical Analysis theory. I have studied and price for 1.5 years.

Comments

Fib retracement helps in such cracked situations. Good candidate for reversal.
+2 Reply
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