| CMP# | 67.8 |
| Idea | SELL |
| Sell Range | 70 – 67 |
| Target | 46 – 44 |
| StopLoss* | 77 |
| Duration | 6 – 8 Weeks |
| Potential Return^ | 32 – 35% |
| CMP# | Idea | Sell Range | Target | StopLoss* | Duration | Potential Return^ |
| 67.8 | SELL | 70 – 67 | 46 – 44 | 77 | 6 – 8 Weeks | 32 – 35% |
# CMP on June 06, 2019
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 57.
^ The returns are calculated based on CMP#
COMPANY OVERVIEW
PC Jeweller Limited is engaged in the business of manufacture, retail and export of jewellery and offer a range of products including 100% hallmarked gold jewellery, certified diamond jewellery including silver articles and jewellery for weddings. The company sells its jewellery through its showrooms and website www.wearyourshine.com
| Stock Data | |
| NSE Code | PCJEWELLER |
| Sectoral Index | NIFTY 500 |
| 52W High | 164.9 |
| 52W Low | 46.85 |
| Face Value | 10 |
TECHNICAL OBSERVATIONS (WEEKLY)
- The Stock price has registered a resolute breakout past the eight-month consolidation towards October 2018 to signal resumption of the primary downtrend.
TECHNICAL OBSERVATIONS (DAILY)
- Formation of Lower Tops and Lower Bottoms at Daily Charts.
- The price closed below 5 and 10 days Moving average crossover which considered bearish and helps to propel further downside movement.
CONCLUSION - PC Jeweller SHARE PRICE FORECAST
Based on our best tips for positional trading, PC Jeweller share price target will be 46 – 44 in the next few days.