PC Jeweller Shares Fall 4%, Mcap Dips Below Rs 11,000 Cr: Should You Hold Or Exit?
Despite the recent decline, PC Jeweller's stock has rallied nearly 35% over the past month, reflecting renewed investor interest and strong trading sentiment.
Analyst opinions remain divided. Ravi Singh, Senior Vice-President, Retail Research at Religare Broking, believes the stock appears technically weak and may fall further towards Rs 15. He identifies immediate resistance at ₹20 and suggests that investors consider exiting at current levels.
On the other hand, Osho Krishan, Senior Analyst – Technical & Derivative Research at Angel One, highlighted the stock's breakout to a 52-week high on strong volumes. He noted that a sustained move above Rs 20 could open the door to further upside. Krishan advises investors to trail profits with a strict stop loss, identifying Rs 17.50–16.50 as near-term support and Rs 14.30 as a stronger base.
Technical Analysis: Bullish Signals Persist Despite Short-Term Price Correction
On the technical side, PC Jeweller's 14-day Relative Strength Index (RSI) currently stands at 68.7. Typically, an RSI below 30 indicates an oversold condition, while a reading above 70 suggests the stock may be overbought.
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