Follow on twitter @piyushrawtani for live trading ideas .
PCJ is expected to touch the weekly support of 36.5 and has been forming 5 NR candles on hourly ,
Can sell below 38.5 with SL 40.5 and targets , 36.5
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...
HI 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 .
BUY PC JEWELLER ABOVE 85
TARGET 97, 110, 136
A disciplined trader should avoid such scripts on regular basis but kabhi kabhi spinner ke sath bhi crease se bahar ana padta hai. :)
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)
NSE:PCJEWELLER has given all time breakout with good volumes. It retraced into the channel and rejected it again. It can touch 430 440 in coming days. I trade options so no specific stoploss. I will exit when price volume action is against me or when my target is reached.