PCJEWELLER is again in narrow Bollinger Band squeeze which happens repeatedly with this stock (red arrows) and then it breaks out explosively up. RSI and volumes show nothing significant as of now. BB squeeze can lead to massive up or down break. Waiting if it will breakout again this time.
This analysis is totally based on Elliot Wave theory and Volume profile As per Wave theory, We have entered into wave 3 which has just started. Target 1(wave 3 completion) - somewhere around 75 Wave 4 should take it back to level 44 (Good support calculated based on Fibonacci and Volume profile ) Target 2(Wave 5) - ~ 160 range (based on fibo levels and volume...
According to ABCD if it crosses 32 rupees then it will reach 45 ruppees. One can buy here with SL at 19 rupees
PCJWWEL SHORTTERM CAN BUY ... FOLLOW TARGETS
Hello traders, the PCJ chart is pretty simple and growing strong day by day, the market is in a strong accumulation zone you can see everytime it touches the lower zone the buy volume spikes and then the price remains in a same range, which means a lot of shares are exchanging hands without any further increase/decrease in price( Yes for short traders prices are...
NSE:PCJEWELLER "ANYTHING CAN HAPPEN"...
BUY PC JEWELLER ABOVE 85 TARGET 97, 110, 136 SL 71.5 A disciplined trader should avoid such scripts on regular basis but kabhi kabhi spinner ke sath bhi crease se bahar ana padta hai. :) Some points: 1. OBV and PRICE Bullish divergence 2. Healthy candles 3. An upmove followed by a retracement 4. Has started to move up again (Latest candle) 5. Oversold
PCJEWELLER: SELL at 64.5 with Stoploss of 71 and Target of 48.6
Technically PC Jewlerrs is a good buy with strict SL as 289. Targets are open.