π PC Jeweller Ltd. β Bullish Momentum Emerging
PCJEWELLER
π Key Technical Observations:
Trendline Breakout:
The stock has broken a multi-month falling trendline (red) with strong bullish candles.
The price has now reclaimed the long-term green trendline.
Strong Weekly Close:
Price is attempting to hold above the key horizontal resistance at βΉ14.37.
Sustained close above this level will further strengthen the bullish setup.
Support Zone:
Immediate support around βΉ11.84.
As long as price stays above this, the bullish bias remains intact.
Volume Insight:
Recent bullish candles are backed by increased volume, confirming fresh buying interest.
π Key Takeaway:
Above βΉ14.37 and green trendline β bullish continuation expected.
Pullbacks toward βΉ13-βΉ12.50 could offer buying opportunities as long as βΉ11.84 holds.
π’ Disclaimer:
This is for informational purposes only. Not a buy/sell recommendation. Positions may or may not be held.
π§βπΌ Rajneesh Sharma is a SEBI-registered Research Analyst (INH000020332).
π Investments are subject to market risks. Read all related documents carefully.
π Investor Charter & SCORES complaint link available in bio.