PC Jeweller: Multi-Resistance Trendline Break

has broken out of a multi-month descending trendline resistance that had capped rally attempts since late 2025, tested and rejected four times before finally giving way. The stock surged over 11% to 11.71, its highest level in about nine months, backed by a strong volume surge, with RSI at a robust 68.63 confirming genuine momentum. The rally follows news that the company has repaid debt to one more lender under its September 2024 settlement with a consortium of 14 banks, ahead of the scheduled due date — clearing dues to 9 of the 14 banks in full and over 96% of the remaining consortium's outstanding debt, keeping it on track to become debt-free this month. (Source: Moneycontrol.) A trendline broken after multiple failed attempts often carries more weight than a first-time break, reflecting sustained buying overwhelming repeated selling at the same level. Given the stock's low price and inherently higher volatility, careful position sizing is essential. A trendline that has repelled price several times before finally breaking often carries more conviction than a first-attempt break — repeated tests exhaust the opposing side. Disclaimer: This is for educational purposes only and is not investment advice. Please consult your financial advisor before making any investment decisions. SEBI Registered Research Analyst — INH000025212.