PC JEWELLER – WATCHOUT | JEWELLERY SECTOR LOOKS BULLISH

PC Jeweller is showing strong bullish momentum on the daily chart after a sharp recovery from lower levels. The stock is now approaching a crucial resistance zone around ₹15, and a decisive daily closing above this level could trigger a fresh breakout with the potential for further upside. The broader jewellery sector is also showing encouraging signs, supported by improving festive and wedding-season demand expectations. Recent industry updates indicate resilient jewellery spending, while a recovery in buying activity could support sentiment across jewellery stocks. However, elevated gold prices and affordability concerns remain important factors to monitor. Technical View: 15/- is the key breakout trigger. A sustained close above this level, preferably supported by strong trading volumes, could strengthen bullish momentum. The ₹14–₹14.50 zone may act as an immediate support area, while ₹15 should be monitored as the breakout confirmation level. Conclusion: PC Jeweller is on the verge of a potential breakout. A decisive move above ₹15 could open the door for further upside, but confirmation is essential before treating the breakout as established.