PC JEWEL - DRC BREAKOUTPC JEWEL, Finally coming out of DRC after a lot of consolidation.
It seems like bottom has made and now stock may recover.
PCJEWELLER trade ideas
PCJ - Short termEducational:
Bearish harmonic in making. Short term bearishness with Fib levels marked expected by last week of July.
Add To Watchlist This scrip is expected to give some short Term returns as it had formed a Flag pattern... So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
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.
Buy for Long-TermAccording to ABCD if it crosses 32 rupees then it will reach 45 ruppees. One can buy here with SL at 19 rupees
PCJVCP formation is going on in weekly chart. Good rally can be seen once 33 level is crossed. Pilot position on assumption of breakout can be taken at CMP with SL of weekly low
PCJEWELLER 4521 MONTHLY EMA IS AROUND 31.
ANY BREAK OUT ABOVE THAT can take it to 41 -45 - 53 level or even higher. next 1 year will be interesting
Short Term pick up ✌✌This scrip is expected to give breakout as it had forms a beautiful pattern. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
PC Jewellers Weekly triangle BOWeekly chart is breaking above triangle volume is not impressive.
Can give 32/38 near time
Cup and handle breakout
Target : 42
SL: 26.5 (Closing basis)
Reason : Opening of Economy and upcoming festive season could light this stock.
PC JewellerBreakout and retest
Disclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
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.
Expecting breakout ✌✌✌This scrip is under consolidation and is expected to give breakout as it is near trendline. So traders keep on your to give catch the momentum.
PCJEWELLERAfter drop in volume with price , price is moving up with higher volume suggests buying interests in stock..
Entry - 27.90
SL - 25.80
Target - 35.80
Risk/Reward - 1:3+
For Study Purpose ..
Hit like button if you like my idea..
PC JEWELLERS RSI ABOVE 60As i mentioned day before yesterday that possible breakout of pcj on hourly as been confirmed.It may go further as rsi is above 60 in hourly . We also know that pc jewellers is online shopping platform which is spread across india with many branches.I think it has an advantage over other competitors.
Analysis:
Trendline breakout
Rsi above 60
PC JEWELLERS MACD CROSSOVERPC JEWELLER IS ABOUT TO MAKE POSITIVE CROSSOVER IN MACD. TREND LINE BREAKOUT HAS ALREADY HAPPENED IN 15 MIN.
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.
Can PCJEWELLERS deliver 100 % gains Breaking out !!
IMO, Stock cud deliver 100 % gains from here
sL 26.8 closing basis
tgt 62 / 70
Follow RISK MGMT and tRADE mgmt principles ..
Trade at your own risk and risk bearing capacity
