The 52-week stock week stayed between a high Rs 19.65 and a low Rs 6.61. Today, PC Jeweler shares are classified under ASM St: Stage 1.
In regulatory improvements, the company has submitted certificates under regulatory 74 (5) of Sebi regulations (Conviction Certificates
However now the moderate correction, PC Jeweler’s stock was found strongly rally of approximately 35% last month, signing strong sense of investment and positive sense of investment.
Technical Analysis: Bullelish signals will continue despite the short term price correction
In the technical part, the 14-day relative index index of PC jeweler (RSI) is currently standing at 68.7. Usually, an RSI below 30 indicates an excess situation, while a reading above 70 suggests that the stock becomes overwhelming. With RSI nearly 69, the stock is about to enter excess territory but has not crossed the threshold.
The stock also shows strong momentum by moving on average. Trading is more than 7 of 8 key simple action on average (SMA), including all major SMAS from 10-day period. Stock sits under 5-day SMA, showing a short stage of conjunction between a way of healthy upward trends.
