Polycab is in Sell Range
Polycab stocks seem have finished wave B. Now will follow the channel route towards 3400.
The buy may emerge from 3400-3450. ABC will end here.
Regards
stock have given breakout of its triangle pattern one can look it for med-to-short trade. its can fill its gap maybe in no time. its only for education purpose only.
POLYCAB INDIA LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Symmetrical Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 4891+.
✅Can Go Long in this stock by placing a stop loss below 4200-.
Few Lessons to be learned from the recent saga of IT Raid on a company.
On the onset let me clarify that we do not have absolute clarity of what has transpired so far and what will transpire between IT department and Polycab. We are not blaming the management nor saying tha it is innocent. We are just trying to summarize if we can and take home some lessons...
#polycab
BIG BREAKING 🔥
Polycab - Income tax confirms Polycab has made unaccounted cash sales of around Rs. 1,000 crore which are not recorded in the books of accounts. Evidences of unaccounted cash payments of more than Rs. 400 crore made by a distributor, on behalf of the flagship company towards purchases of raw materials, have also been seized.
Observing a potential rebound from the bottom of Wave 4 on the hourly candle, POLYCAB shows promise in surpassing its previous swing high.
Trade Details:
Buy Call Initiated at CMP (Current Market Price): $5295
Stop Loss: $5190
Target: $5600
📊 Trade Rationale:
This buy call is based on the anticipation of a rebound, with the potential for POLYCAB to break its...
*Polycab India Ltd*
P&F Formation on Monthly Basis.
Flag Priceline BreakOut. Need to Sustain. Then good to go!!!
Strong Vol Consolidation & Continued BuiltUp.
Resistance @ 5494.
RSI: 1H< D< W< M (To be Watched).
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
*_Do Your Own Research as well. This is an Opinion._*
Happy Investing 😇
Head and Shoulder pattern in Polycab on hourly timeframe chart. A breakout is imminent as the overall tone of the market is bullish. A short term swing trade is on.
Targets are: 1. depth of right shoulder, 2. depth of the head.
Stop Loss: close below previous day low (for F&O), low of right shoulder for cash trades.
PS: I am holding a long position.
POLYCAB INDIA LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakdown of Rising Wedge Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 4566-.
✅Can Go short in this stock by placing a stop loss above 5498+.
