PCJEWELLER share analysis
PC Jeweller Ltd stock is trading at 348 with almost 15% loss. Stock is top loser in F&O segment.
Stock is in strong downtrend and we saw strong breakdown below 503 rupee level. Stock achieved all downside target in this panic selling and now trading below all major short term supports. On bigger chart, stock today achieved medium term target of 350 and now heading for 299 level.
Stock future traders below 350, keep sell and accumulate view and expect target of 330 and 299 in short terms. Above 350, stock might start recovering. Stock option traders can buy and accumulate in PC Jeweller Ltd 370 put options on decline for big short term gains. Today this stock option rallied from low near 2 to high near 13.
PC Jeweller Ltd stock from medium to long term view, achieved 350 rupee target after breakdown below 411 major support. And now heading for 299 and 240 rupees long term targets.