350-350 can you believe it- yes, it again came for the jeweler's rescue from the fall since 425 high- which was predicted at the top last time-Looks to turn down-which it did & now 350-354 giving the support.
Trading Strategy
If we see support coming from the rising trendline between 360-365 against 350 which is a critical level for future price action we can...
Its observed that Neither buyers or seller are in full control of the Script , its No win for both party
the momentum can be expected once price hits Low of 365 , One can look for buy form 351 to 365 with Stop as 345 Target of 411 in short period , if price brakes below 345 then it will rebound from 311 so one has to make sure its heading up trend before...
PC Jeweller Limited started operations in April 2005 with one showroom at Karol Bagh Delhi. It is a first generation business promoted by two brothers.Stock has been consolidating in a range and after correction trying to go higher.Idea is to buy above 388 and put a stop loss to 380 for a quick target of 405.This is some what very short trade.Move the stop loss to...
From previous update 425 & above, it could extend till 435-445
Wave-((y)) travelled 78.6% of the wave-((w)) - & jeweler turns down just below 425 that was the recent high.
Trading Strategy
Going below 380 -some pressure could be seen in the stock for swing low@350 as possible support & break of 350 could take jeweler deep down.
PC Jeweller- Amazing!
As per the long term strategy suggested in the update "Bullish against 350"--PC Jewellers had a fall exactly very close to 350 & bounced so next update- "PC Jewellers played "Kaipidi" with 350- Bang on move"
As suggested in long term update - it could head to 435-445 where it retraces 61.8%.
What Next -
If sustains above 409-411 zone likely heads next to...
Kabaddi- originated from the Tamil word "Kai-pidi" means to hold hands. Most of us have certainly tried our hand at the game at some point in our lives & lessons it gives to all of us- if closely inspected- they are even required for trading financial instruments in markets as well.
Lessons like- Overcoming your fear, Enhance your presence of mind, Pay attention...
3 times bounce from the zone 290-305 zone has formed good support- so, it has started a new leg upside which is again choppy & likely into its Y- wave above 350 which has upside room to kiss the zone 435-445 where it will retrace 61.8% of the fall from 531 highs.
Largely the trend is down so we will look for a push down in couple of months down the line- if it...
PCJEWELLER is opening more and more new stores which help them to gain movement in market. The fundamentals are strong. The near support is available at 415 and resistance at 460. GO LONG with pcj. If it gives breakout near before such level it create new highs for investors.
