Polycab is breaking out from a range after 1 year 3 months consolidation, keep this scrip in radar.
Polycab is a great stock with a good fundamentals. i have drawn the major trends supporting from its IPO time and from corona's crash. from past 14-15 months the stock is following the same channel, and has given about no returns. since it has a good fundamentals and the sales are growing nicely, i see a good upside movement. but on the flip side, this channel...
NSE:POLYCAB POLYCAB is technically and fundamentally bullish. Recently posted good results as well. Target 3000 SL 2570 on daily closing basis
A good set up in the making. Almost after a year of consolidation price is trying to move out of the range which can open the doors of higher range. P.S - Very small stop loss P.S - Views are personal and for education purpose only.
polycab broke out of descending channel pattern on hourly charts with decent volumes, could be bought here or on dip, with mentioned stoploss & targets.
Polycab is consolidating at breakout area buy above 2550. On 15 mins chart, last couple of days, stock is above 2550. we can see positive movement.
Soon to give breakout. Wait for the price to cross breakout zone
Rs positive rsi > 50 Above 50 Ema and 200 ema keep an eye on this
Polycab look very strong in chart 💪 today they can break the most imp bearish resistance with a heavy candle or strong candle Buy it above at 2440 Our target 2509 2585 2630 2716 Sl 2340/2280 based on UT risk ratio time minimum 1 month
buy=2308.90 target=2366.80 stoploss=257.65 ascending triangle breakout with 50% fib. level
Breakout at 2270 and now trade nearly on 2330 and rsi above 60
we are looking POLYCAB move up. this is not a trade advice. we are sharing this for only education purpose only.
Good stock ...breakout given....traders put stoploss on breakout point...investors buy in tranches
As we are heading towards the festive season. All home makeover products should start catching sales.
POLYCAB - Trend Analysis - 26th July NSE: POLYCAB has formed a flag and pennant pattern. Open interest data is bearish with higher probability for downside Wait for a 15 mins candle to close above 2238 or below 2204 with stop loss of other end of the candle. Target for 1:1 or 1:2 risk reward ratio Disclaimer: This is for educational purpose. We are not SEBI...
Buy above 2258, Target 2555, SL 2140. All levels are on closing basis.
Polycab has completed its correction and might gain a bearish momentum.