PolyCabis looking to break the stack #SuperChartzKey Levels: Support: 4250 Resistance: 4530 More details will be updated soon... Longby SuperChartz49
Polycab bigger movePolycab has formed big range on daily candle. Whenever stock breaks and sustains above or below the levels, stock is expected to follow that direction and give a bigger move. As of now stock within the range, hence neutral view.by SSJ_Finance_Academy4
POLYCABPolycab can reach all time high. But now we focus on short time swing. 4500 will be Strong support. First target is 4870. Must wait for 4500 breakout.by PANNER_SELVAM_KATTAKALAI4
Education purpose only - polyIf a strong stock due to some reason falls and take support at Monthly 20 and spend some time there then generally give strong bounce So if stock spend time there entry > 4040 SL 3600 T1 4500 Longby navingoyal2003Updated 3
Exit rally in this counterFib - The stock halted today at fib confluence at 3800. That the circuit did not sustain for the entire day means we can see this zone holding. Candlestick- Thats definitely a bear candle and an early indication of a change in trend. Volume- stock falling with volume is negative. RSI- break of the bull support at 40 is negative. Extreme indication - this has gone deep down indicating a halt . Conclusion- a rally looks likely if this zone is held. But all the other indicators are telling me that one should exit this counter on the rally. I think till results we will witness some rally.by singh17vivekUpdated 3
POLYCABS Simple ORB STRATEGY WITH VOLUME I'm expecting above blue line close D chart will lead to 10% target 1 Sl 5% or previous swing low 3 to 6 months OR FAST NEAR THE TARGET (FOR MTF TRADE VIEW ) Just a view educational purpose only trade at your risk managementLongby RAMKUMMAR3
POLYCAB - Weekly Channel pattern - Read description carefullyPOLYCAB - Although the company has corporate governance issues, there could be good swing trading opportunities in the stock. My thoughts (not a trading recommendation): 2 scenarios - I'd go long if the stock takes support at the channel bottom with good price action & reversal candlesticks. My stop loss will be if the channel breaks. I'd go short if the channel breaks with good volumes and my stop loss will be if the stock comes back into the channel. by SwingtradesbyAbhishek5
BUY POLYCAB My focus is on buying POLYCAB. Last couple of days have seen polycab's price drop and hit a strong weekly demand zone, which is good. Longby Knickk3
Polycab India LtdPolycab India Ltd, big news based fall, but not fully proven .. technical supports are on chart for short term or risk takers...........by PADMAJAMAHESHBABU2
The DDJL PatternA very rare setup, where pessimism surrounds the business and nothing looks good. This is a setup I have personally coined where Support becomes more important than resistance. Longby themicrocapinvestor4
Failed BO - Case StudyPOLYCAB - Failed BO followed by Free Fall ⚠️Must go Through the Chart📊 Sometimes Market can be Ruthless to Those who are not Disciplined Enough. ✅Gave multiple Exit Signals before the Free fall. Did you Read them? If yes then Great! If not then go through the Chart.by ChartShala4426
POLYCAB : Bottoming out very soon Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Rising Channel 📌 Symbol/Asset: POLYCAB 🔍 Description: Stock is around the support of Rising Channel. Stock also completed its bearish target around 3700-3800 We can see stock bottming out near 3700- 3800 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.Longby FiveCircles1164
POLYCAB laga dala life jhingalalaTrade Wisely. We Can Just Predict. Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your. If you love my analysis Like And Share wherever you want..Longby lp91128
Polycab - Valuations at its peakPolycab stellar performer among wires & cables. Polycab's guidance value is to achieve 20K Cr revenue(top-line) sales by 2026. And it appears they'll achieve ahead of timeline. Company expects volume growth to continue in the second half as well. As of 2023, 14K Cr sales. Jefferies adjusted its price target for Polycab India from INR4,835 to INR6,220 and maintained its "buy" rating Been riding this since 2021. Earnings are growing good every quarter. Revenue(8 to 16K Cr), Net profit(766 to 1622), EPS(50 to 100) All these roughly doubled in 3Y since 2020. Whereas Price grown 7 times. 740 to around 5K Further in terms of valuations PE (Price to Earnings ratio) Last 5Y avg is 31.426 Current 46.40 PB (Price to Book ratio) Last 5Y avg is 6.332 Current 11.45 PS (Price to Sales ratio) Last 5Y avg is 2.8. Current 4.7 I'll patiently wait for price near 50% Fib level which is 3350. 2600 is fair value. Pivot R2 is at 3533. Historical fall is 35% from ATH. So 35% from ATH is 3570. Previous resistance breakout is at 3618 which could act as support. So +/- 5 to 8% above 50% fib level. I'll start watching from 3620 and accumulate gradually over fall & reversal. Disclaimer: Entered and averaged up Since Mid 2021 till Mar 2023. Holding.Shortby narayklnUpdated 2
Polycab - IT Notice BounceThe market has been spooked by the news of Polycab and there are a lot of rumours. If there is an increased panic tomorrow.. It might lead to an interesting bounce around 4600 where it might make sense to take atleast 1 shot with a small 3-4% allocation. The idea is to see if there is a bounce around the 200EMA where it should take support..but it'll have also already have stopped out most traders. The company is still a solid company and this tax issue will eventually spill over. Keep a SL below 4450 in this case. Option writers might try to protect 4800 maybe even intraday or over the course of a few days.. by rdkriplani5
Go-Long Fantastic- With Bullish Breakout Just Watch Happend if anyone find Correction or Mistake let me know that was helpful for me Longby Maker-X1906Updated 12
Break from Bounding BoxBeaten price Correction Improved M.Cap Better performing than Havells and less PE, potential to be top of market for coming years Go and ask for polycab business in any electrical shopLongby dumb_chartingUpdated 0
POLYCAB Bullish viewPOLYCAB has lower lows for 3 days and volume increased with 4th day with open price greater than close forming a reversal indication. RSI is above 50 and SMA combined showing upward trend from 6th Dec.Longby radnusamos1
Cup & Handle Breakout abv 5435It is India’s leading manufacturers of cables and wires and allied products. Market Cap₹ 79,846 Cr. ROCE 27% -Growth YOY Sales26.6% Profit 58.8% InstHold 20.5%Longby Devsakha1
Polycab Analysishey guys, Elections are on the way in India. The 2024 elections are said to be one of the major election in India as it will decide if the current Govt will continue it's session for the Third Time or India will have a new face for the Prime Minister's position. While the politicians and news-media focusses on the politics, let us analyze and make money from the amazing opportunity. Here are the details of the analysis- CMP- 5200 Stoploss- 4836 Target- 6000 Duration- Feb- March 2024.Longby ArjitGarg1
Exhausted and likely to show consolidationPolycab has given very good rally. Now we can see that on monthly chart it is trading at very far from 20sma. On daily it is showing breakdown of rising channel. It is now likely to go in consolidation/pullback phase.Shortby yndesai111
Polycab | Long Term | 10% ReturnCMP: 5,432.95 Target: 5800 Return: 10% watch out upcoming earning results. It rally 10-20% after every earning result announcement in past . Will this continue now? Let's wait and see.Longby balacc1