inverted cup and handle pattern breakout,shortinverted cup and handle pattern breakout,short if tomorrows market is moveing downwards
PCJEWELLER trade ideas
PCJEWELLER: IS HISTORY REPEATS!!!PCJEWELLER: @ 502.3
IS HISTORY REPEATS!!!
All are plotted in Chart.
Res.: @ 511, @ 516.6-520.5 (Hurdle Zone) , @ 531.2,
Sup.: 493, @ 487.7 - 486.4(Bounce Zone) , @ 472.7
SHORT & COVER as per Level (i.e RES. / SUP .)
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Disclaimer: Only For STUDY. For taking Trade Decision Consult Financial Advisor.
PC Jeweller Long The stock have broke the long term range bond
the range was from 2015 till date due to which it went spike so high , but for safe trade i must ensure the brake out stand still after retesting the brake out level
Waiting for retest and hold the level for entry
If stock holds the brake out level then can go up 650 as long term view
Regards
PC Jewellers- Do not forget-Golden stock.Target done 460-520Above 459 - do not forget this stock -it is gold- remarked at 14:45 Hrs -16th May2017. Post 500 -it can attempt 515-520 but emotions were stronger as compared to the vertical target line drawn in last update mentioned below.
Previous Update - 445 for 490 & above 500 for 515-520
PC Jewellers Long on short term HoldingI am looking to buy on CMP with stop of 415 for Target of 515
Regards
PC JEWELLER - ASCENDING TRIANGLE FORMATION It is been observed that the price action forms an Ascending Triangle pattern on Daily chart. Now, a close above 450 levels will take the price action further up to 460-470 levels. It is wise to enter once the price action breaks the triangle formation and close above. I'm positing this chart before in order to provide you a good opportunity in advance.
Target 1: 460
Target: 470
Stoploss: 435
Regards
PC Jewellers - As Pure As Emotions-Break Double Top@445 for 490Wishing You All, A Happy Akshaya Tritiya which shall be celebrated on 28th April2017.
Consumer demand is expected to be strong due to the wedding season and traditional custom to buy gold on the occasion of Akshaya Tritiya.
Double Top Break Above 445 should take emotions to new high of 490-500 zone, but please keep a check on your emotions.
Crossing 500 -can attempt 515-520 zone & take a breather & celebrate Akshaya Tritiya with your near ones.
Previous Analysis - Old is Gold- 350 Holds
pc jeweller stock is in up trend
after the up move now in side a range
that range is in verge of getting broken on upside above 437
one can look into the stock at the above mentioned levels
towards 447/457
Cup and handle pattern in PCJThe daily chart for PC Jeweller shows cup and handle formation. This pattern when formed in a upward trend is a bullish signal. If it shows uptrend in coming days, it may move towards it all time high.
p c jeweller range expansion soon above 433stock after a up move is now in contraction
above 433 uptrend might resume towards 439/443/461
PCJEWELLER with shivbuy PCJEWELLER between 422-424 sl 420 trg 428 432 436 ...420 below short this is study perpose only ..... do trade with own way....
PC Jewellers- Old is Gold - 350 Holds the jeweller-Awesome350-350 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 see Jeweller jumping close to 420-425 where it faces the next hurdle.
Having said that-trader always have to move their stops as the market moves so he does not faces trouble in future.
As per waves -likely we get minor wave-Y holding above 350 & kissing target zone 420-425 giving us excellent risk rew ard ratio.
You would love to read my previous updates
PC Jewellers -Played Kai-pidi with 350- Bang on move
Turning down just below 425- Amazing!
Kissing 350-354 & turning back again- Amazing!
P C Jeweller Go Long for short term Holding 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 entering Long
Cheers
PC JEWELLER: UP MOVE MAY BE HUGEPC 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 break even once crosses 395 and look for 405.For positional trade keep stop loss at 369 levels and look for the target of 425 within days to come.
P.S. ------- This is not any recommendation to buy or sell. It is for educational purpose only. Money market is risky. Talk to your financial adviser before any investment decision.
Wish you all a very happy and profitable trading. Thanks !!!!
PC Jewellers- The jeweller kisses 425 & turns down- What Next?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!
PC Jewellers- Amazing! --Will it be heading for the 435-445 zoneAs 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 422-425 zone & above 425- to final target zone 435-445.
Click the charts below & use load bar feature to see future bars
Update-1
Bullish against 350
Update-2
PC Jewellers Played Kaipidi with 350
