PC Jeweller Limited started operations in April 2005 with one showroom at Karol Bagh Delhi. It is a first generation business promoted by two brothers.Stock has been consolidating in a range and after correction trying to go higher.Idea is to buy above 388 and put a stop loss to 380 for a quick target of 405.This is some what very short trade.Move the stop loss to break even once crosses 395 and look for 405.For positional trade keep stop loss at 369 levels and look for the target of 425 within days to come.
P.S. ------- This is not any recommendation to buy or sell. It is for educational purpose only. Money market is risky. Talk to your financial adviser before any investment decision.
Wish you all a very happy and profitable trading. Thanks !!!!
P.S. ------- This is not any recommendation to buy or sell. It is for educational purpose only. Money market is risky. Talk to your financial adviser before any investment decision.
Wish you all a very happy and profitable trading. Thanks !!!!
Comment:
Stock could not cross the resistance of 388.Will wait for the stock to reverse,once crosses 388,will be active & follow the trade.
Comment:
KEEP A WATCH TRYING TO CROSS 388
Comment:
Friends,By any chance if you have followed the trade.you must be happy .Sorry during market could not update about the target.After crossing 388,it reached to 394.Which is more then 1.5%.which is good for intraday. Finding some time crunch.Will post new ideas soon.