PCJ - PC JEWELLER - Expecting 100% upside momentumPrice Analysis & Overview:
1. Outlook is bullish but good momentum only above 187
2. Volumes are not great!
3. Price is not showing strength as expected.
4. Price holding higher levels is a good sign.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. I share whatever I do. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
PCJEWELLER
PCJEWELLER - Ichimoku Breakout
📈 Stock Name - PC JEWELLER Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 780.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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PCJEWELLER: BB Squeeze Again!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.
Pc jwellers good days started?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 profile)
RSI shows good momentum and has formed a triangular pattern. Breakout may trigger target 1 soon.
Disclaimer: This is for educational purpose and not a recommendation. Pls invest as per your study and analysis.
Cup and Handle Pattern in PCJEWELLERPCJEWELLER is forming a cup and handle patter on the weekly chart along the downward sloping trend line. RSI is also above 50 indicating bulls are in control. We will be watching for the signs of breakout from this line. A successful breakout would have a price target of 45 based on previous support/resistance.
Pcjeweller good for short term positional1. Seeing gold reversal from low this script looks good short to positional calls.
2. stop price for long position 20.68 needs to be consider
3. short term Target 34/35
Other Technicals:-
rsi (14) 62.809 buy
macd (12,26) 0.600 buy
adx (14) 23.660 neutral
williams %r -34.694 buy
atr(14) 1.6321 less volatility
highs/lows(14) 0.4143 buy
roc 5.932 buy
bull/bear power(13) 3.3420 buy
summary: strong buy
acquire on dips
note: this idea is truly based on my findings, might differ with others. any positions, trading will be at your own cost, time and risk.
PCJeweller to go down to 20.40There has been a delivery based selling in the PCJ share price. The 5 day average delivery percentage has increased from 14 in October, 2019 to 32 in December week 1.The price has been going down indicating there is a chance of delivery based sellig off. The target for coming days is 20.40.
PCJ, accumulation going on can easily generate 2x for midterm 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 obviously changing) this generally happens in an accumulation stage. If we look closely the market is in this range since last 150 days. Now there are few things which can help you to choose buy or not:
1. The probability of being wrong which no one can ignore anyways.
2. In accumulation no one knows how much time the market gonna spend in the accumulation stage, but when big hands finish there job generally price action moves exponentially.
3. You need patience and a mid to long term investment strategy, so if you can't sit idle while your capital is in a position which may not move for days or you want to trade consistently than it is not for you.
4. You also require patience while exiting, generally traders have a habit of taking small profits and they can't wait to take profits for long time as it requires patience.
If you have been through above and you have a capital which you can put aside as an investment for few months go with this trade, also if you're thinking to invest look for fundamental news in this share particularly( i believe fundamental news comes only when big players have already set there positions).
For stop looses it depends on you risk management if you're not a big risk taker look for sl few points below last wing low 24.15, which would be 10% from now but remember the reward potential is upto 100% or more. Also this in an accumulation so chances are you can buy it from lower price as well.
May the markets be with you.
PCJEWELLER detected buyers and price attraction by buyersBuyers 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.
PC JEWELLER ENJOY THE PROFITSHI TRADERS THIS IS MY 3RD ANALYSIS AS PER ME PC JEWELLERS ARE BREAKS THE RESITANCE AND CAME DOWN . IT IS BREAKS AGAIN GO FOR LONG
WAIT UNTILL RESITANCE BREAK . RISKY TRADERS GO LONG . THIS IS PURLY MY OPENION NOT FOR ADVICE . THIS IS FOR EDUCATIONAL PURPOSE ONLY FINAL DECISION IS YOURS .
Sometimes you have to leave the crease to hit a six - PCJ BUYBUY 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