NSE:PCJEWELLER It's a daily chart. Wait for closing above 101. Decent Risk reward. STOPLOSS would be low of HAMMER
Stock has given parabolic recovery after falling from highs. Expect BULLISH Rallies in Coming Weeks with NSE:PCJEWELLER Moving towards 322 after closing above 175 Levels are mentioned in Chart. HOLDING PERIOD is around 3-4 months
NSE:PCJEWELLER Falling Wedge - Bullish Reversal Pattern giving minimum Target of Rs.264
Clear Falling wedge Pattern indicating Bullish Trend reversal and giving minimum price Target of Rs.264 NSE:PCJEWELLER
As I see it , PC Jewellers might be doing a X wave after completing Y on 26th oct '18 . Although we can't ignore the possibility that it could be start of a disguised impulse after the completion of a larger WXY from ATH , its still a less possible outcome as the wave structure of this rally suggests otherwise. Volume looks better but it has started giving...
Exact same play as Infibeam.
There seems to be FAVOURABLE RISK :REWARD RATIO to buy at CMP 167 with SL=143.95 (WEEKLY)CLOSING.
# Good location and R:R near 342 # Trading near support line # AB=CD Harmonic pattern at 341
There is some approximation on the ratios(0.38 = 0.41, 2.618= 2.62). This is just for discussion.