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)
Pc jeweller is holding on to .382 fib level with .5 passing thru the gap, that's somewhat like ideal text book retracement.
from here if it holds the support at .382 then I expect it to test .5 and .618 fib levels.
stop loss should be comfortably below .382 to avoid any random wick.
do hit like and share your opinion about the expected price action.