quarterly results are awesome.... it will probably open at upper ckt....
Everything in chart mentioned.
after a strong rally downwards post budget, the prices are consolidating and the investors are slowly picking up on the stock. The Stock is about ot go in an uptrend. Soon about to breach the narrow wedge formed for the past few days. Disclaimer: Only for Educational and testing purpose.
STRONG SELL pc jeweller it is going to make a new 52wk low. Downtrend will be continue till 35.75. If the support will break then we have to assume historical low is 34.25 you can hold more stocks at price 36 . according to me we should take exit now till bear power ends.
No more require to write about this stock. You are a better trader to understand the reason why I am buying this.
Educational Purpose Only..!
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...
PC Jewellers has broken all supports. I can only hope that 41.25, as the last support, holds.
A buy opportunity in pcj at current market price, a reverse rally can be seen towards 107
NSE:PCJEWELLER
The stock may find support at 74, target in near term will be 102
PC Jwellers has a good support at 98.50.
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.
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