amoghn97

POLYCAB side ways move saturated - potential to breakout

Long
BSE:POLYCAB   POLYCAB INDIA LIMITED
Polycab seem to be saturated from last 5 days, no major move (less than 1%). MACD and volumes indicators too dying out, suggest loss of momentum.

it will possibly breakout and move up the trend.
watch out!!!
Trade active: polycab breaking out.. following the past pattern
Trade active: break out with bullish momentum!!!

MACD is good indicator to look at when stocks moves side ways and volume shrinks along. a gradual reduction in MACD shows possible break out in near future.

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