PCJEWELLER trade ideas
PCJ - ATTRACTING JEWEL!!PC JEWELERS IS TAKING SUPPORT @ 106 LVL (50% FIB LEVEL OF THE EARLIER RISE).
IF IT FALLS FURTHER, THEN IT MAY REACH 92.
FROM THE CHART IT APPEARS THAT PC WILL GO TO 160.
IF IT CLOSES ABOVE 163, THEN NEXT TARGETS ARE 204 AND 237.
FROM THE INVESTMENT PERSPECTIVE, PCJ CHART APPEARS TO BE QUITE ATTRACTIVE.
Worst seems to be over There is an immediate support at 88 and a very strong support at 81.50. If the stock turns bullish, a target of 153 can be seen in intermediate term
[Intraday] PCJEWELLER Bounce Short TradeBounce
Short below 118.30, SL PDH
PDH = 126.50
If gap up or down, follow 5m ORB.
In down trendSupport expected to come at 107, resistance/ target in case of up move is at 139. Is likely to turn bullish by 15th May or earlier
PC JEWELLERS - WAIT FOR CORRECTION TO BE COMPLETED!!AFTER REACHING A HIGH OF 168, THE STOCK IS MAKING CORRECTION UPTO 122.
ANY BREACHING OF THIS LEVEL WILL SEE THE STOCK REACHING 115 / 104 LEVEL.
PCJhere is my view for PCJ, have cross resistance at 120-122, close above 122-124, my target will be 155-160.
BullishIf it is able to close above 141 today and remains bullish for a couple of days, next target 292.
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 .
Can It Happen ?Most probably yes....Just manage position sizing accordingly.
Never buy at once, keep increasing while rising and keep selling in your cut stoploss pricing ranges.
