Polycab India Ltd (Polycab) : Cup and handle and breakout
Updated
After forming a cup and handle pattern, the stock price is setup nicely at the buy zone above the breakout level of 2730.
Medium term target of 3276.
Trigger SL if price breaks down below 2543.
Not a buy/sell recommendation
Medium term target of 3276.
Trigger SL if price breaks down below 2543.
Not a buy/sell recommendation
Trade closed: stop reached
SL Triggered. Will wait and watch.Note
Today's price action showed why stop loss is very important in any trade position one is getting into. Important is to preserve one's capital at all cost.
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