#POLYCAB looks good for 30% medium term returns!

Oct 25, 2020

POLYCAB
Structure looks quite appealing.

- Break above long term down trendline after bouncing back from 200 EMA and halting.
- Volume has zoomed 6x above average indicating commitment in the breakout success.
- Immediate resistance stands at 930-950 region, above which price may fly on to test the ATH region which will be a decent 30% up move from here.

** Entry can be made immediately or upon retest of the down trendline.

Disclaimer: This is just for educational purpose. Investment/Trading carries its own risk of permanent capital erosion and mental drawdown as well. Do consult your financial advisor before getting into any positions.

P.S - Likes will be appreciated as well as your insights in the comment section as well. Thank you.

Oct 27, 2020

Trade active

Up 10% and first target hit!

Nov 14, 2020

Note

Added more as it is consolidation quite well near resistance zone with very low volume. Trailed SL to capture at least 5% GAIN.
We may witness a good further breakout in the coming sessions.

Dec 11, 2020

Trade active

Added a few more shares. Will add more if it'll pullback to it's previous demand area which is also a psychological region of 980-1000.

Jan 5, 2021

Trade closed: target reached

30% Gross Returns booked :)