PC Jeweller Limited (PCJEWELLER) Stock - Complete Technical Analysis - Oct 31, 2024

PC Jeweller Stock Analysis: Key Insights & Trading Signals

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. In this analysis of PC Jeweller Limited stock, trading at 156, we observe a 19.41% drop from its 52-week high of 187.07 on October 1, 2024. The stock has shown resilience, soaring 484.34% from its 52-week low of 25.8 on October 5, 2023.

Support levels are evident at around 150 and 130, while resistance lies at 161 and 184. Recently, the stock closed at 150.76 after opening at 155, with minor fluctuations highlighting a downward trend.

The ATR indicates moderate volatility, suggesting careful planning for trades. With the ADX around 28, indicating some trend strength, and a bullish MACD crossover, there are potential upward movements. However, the RSI of approximately 50 suggests that the stock is neutral, requiring caution before making any trades.

In conclusion, traders should monitor support and resistance closely, leverage momentum indicators, and remain adaptable to shifts in the market landscape as they navigate their positions in PC Jeweller Limited.