Tuesday, 10 April 2018

PCJEWELLER FUTURE CALL FOR 11 APR 2018


BUY PCJEWELLER ABOVE 310 TGT 320/330  SL 298
Market summary 10 APRIL 2018:  indices rose for the fourth straight session on Tuesday, tracking gains in Asian peers as conciliatory-sounding comments from Chinese President Xi Jinping helped soothe investor concerns about an escalating US-China trade spat. Among the sectoral indices metal, banks, capital goods and basic materials were trading higher, while auto, telecom, consumer discretionary goods and services declined. MidCap inched up 0.06%, while SmallCap edged down 0.02%. Among indvidual stocks, Axis Bank country’s third-biggest private-sector bank  gained 6% and was among the top percentage gainer on the NSE index. Axis Bank, ICICI Bank, Adani Ports and Tata Steel were top gainers, whereas M&M, Hero MotoCorp, HDFC Bank and Dr. Reddy’s Labs were among the major losers.
        TECHNICAL VIEW:  PC Jeweller Limited is a jewelry company. The Company is engaged in manufacture, retail and export of jewelry. The Company approximately has 41
showrooms under the PC Jeweller brand. After showing correction from the higher level, now PCJEWELLER  is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 319 as the stock is managing to sustain above the level of 300.  It is likely to continue the positive movement with the breakout of the resistance levels of 330 at 22 ema . 22 and 55 and 200 days moving averages seen as resistance  level with the RSI of 35.  After breakout, One may get the targets of 340,352 in the stock with the stop loss of 290. Strong

DAILY CHART FOR PCJEWELLER:



1 comment:


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