This scrip is expected to give some short Term returns as it had formed a Flag pattern... So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
PCJeweller , Waiting for breakout Closing above 31, new uptrend will start
This analysis is totally based on Elliot Wave theory and Volume profile As per Wave theory, We have entered into wave 3 which has just started. Target 1(wave 3 completion) - somewhere around 75 Wave 4 should take it back to level 44 (Good support calculated based on Fibonacci and Volume profile ) Target 2(Wave 5) - ~ 160 range (based on fibo levels and volume...
perfect upward triangle bo above 31 can lead it to 45 -55 in a year
According to ABCD if it crosses 32 rupees then it will reach 45 ruppees. One can buy here with SL at 19 rupees
VCP formation is going on in weekly chart. Good rally can be seen once 33 level is crossed. Pilot position on assumption of breakout can be taken at CMP with SL of weekly low
21 MONTHLY EMA IS AROUND 31. ANY BREAK OUT ABOVE THAT can take it to 41 -45 - 53 level or even higher. next 1 year will be interesting
This scrip is expected to give breakout as it had forms a beautiful pattern. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Weekly chart is breaking above triangle volume is not impressive. Can give 32/38 near time
Target : 42 SL: 26.5 (Closing basis) Reason : Opening of Economy and upcoming festive season could light this stock.
Breakout and retest Disclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
First target should be 32 Look consolidation once break it will go strong bull mode
PCJ seems ready to move up along with gold price going up from now
PCJEWELLER is forming a cup and handle patter on the weekly chart along the downward sloping trend line. RSI is also above 50 indicating bulls are in control. We will be watching for the signs of breakout from this line. A successful breakout would have a price target of 45 based on previous support/resistance.
This scrip is under consolidation and is expected to give breakout as it is near trendline. So traders keep on your to give catch the momentum.
After drop in volume with price , price is moving up with higher volume suggests buying interests in stock.. Entry - 27.90 SL - 25.80 Target - 35.80 Risk/Reward - 1:3+ For Study Purpose .. Hit like button if you like my idea..
As i mentioned day before yesterday that possible breakout of pcj on hourly as been confirmed.It may go further as rsi is above 60 in hourly . We also know that pc jewellers is online shopping platform which is spread across india with many branches.I think it has an advantage over other competitors. Analysis: Trendline breakout Rsi above 60