Buyers 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...
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.