New Delhi, Dec. 5 -- After remaining under pressure for nearly a month, shares of PC Jeweller made a strong comeback, surging 12% this week to Rs.11 apiece. The rally also marked a recovery of 13.40% from the 14-month low of Rs.9.70 apiece, touched last week.

Despite no fundamental trigger behind the stock's sharp rebound, analysts suggest it is purely a technical move, which also helped the stock post its biggest weekly surge in five months.

The stock's decline began after it hit a 52-week high of Rs.19.65 apiece in July. While it has staged a sharp rebound, it still remains far from its recent peak, trading about 44% lower than that level.

While the stock's short-term trend appears weak, its long-term performance remains robust. It i...