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PC Jewellers Technical Analysis #57: Sell | Target Rs 46 | Arijit Banerjee

Sell Range70 – 67
Target46 – 44
Duration6 – 8 Weeks
Potential Return^32 – 35%
CMP#IdeaSell RangeTargetStopLoss*DurationPotential Return^
67.8SELL70 – 6746 – 44776 – 8 Weeks32 – 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#


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

Stock Data
Sectoral IndexNIFTY 500
52W High164.9
52W Low46.85
Face Value10
Relative Performance_PC Jeweller vs Nifty 500 Index


  • The Stock price has registered a resolute breakout past the eight-month consolidation towards October 2018 to signal resumption of the primary downtrend.
PC Jeweller Weekly Chart
PC Jeweller Weekly Chart


  • 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.
PC Jeweller Daily Chart
PC Jeweller Daily Chart


Based on our best tips for positional trading, PC Jeweller share price target will be 46 – 44 in the next few days.


1)  It’s advisable not to enter/exit beyond the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other technical recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.


The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).


The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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