|Sell Range||70 – 67|
|Target||46 – 44|
|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#
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
|Sectoral Index||NIFTY 500|
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.