PCJEWELLER trade ideas
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.
PCJ about to go up.after a strong rally downwards post budget, the prices are consolidating and the investors are slowly picking up on the stock. The Stock is about ot go in an uptrend. Soon about to breach the narrow wedge formed for the past few days.
Disclaimer: Only for Educational and testing purpose.
PCjewellerSTRONG SELL pc jeweller it is going to make a new 52wk low. Downtrend will be continue till 35.75. If the support will break then we have to assume historical low is 34.25 you can hold more stocks at price 36 . according to me we should take exit now till bear power ends.
PCJEWELLER, I bougt it at 45.5 and saying you also.No more require to write about this stock. You are a better trader to understand the reason why I am buying this.
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.
In complete bearish gripPC Jewellers has broken all supports. I can only hope that 41.25, as the last support, holds.
