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+
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PCJEWELLER trade ideas
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
PC JEWELAdd this to your watch list, It is trading at supply zone but should break it soon. Stock is looking good for long term.
Cup handle formation in pcjPcj Has Formed Cup handle Formation Can go long with SL 22
enter Only when it closes above 26.70 Target 37
PCJEWELLER - Go long above Resistance.PCJ is testing strong resistance for 5th Time. If it breaks resistance go Long.
PC jeweller 1D chartPlease enter the trade once u get a proper breakout or reversal from the levels, Do not hesitate to contact me with any queries. Kindly support my views. Thanks
PCJ golden opportunity to enter here for huge gainsone can enter this stock for huge gains in coming week. as we know all the bad stories of this counter is come to an end..and now the direction has changed for an uptrend..one can see tgt for 18.65 in this week and tgts of 45 on or before diwali..huge delivery buying seen in this stock.this could be an multibager in coming times..
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.
