POLYCAB INDIA LTD
Long

Watchout for Resistance breakout

POLYCAB has been consolidating for last 7 months and has developed support and resistance zones. Today it has closed above all EMA and formed a bullish engulfing candle.

Buy above 2414 level for both intraday and swing.

Intraday target 0.7-1%

Swing buy only on closing basis - targets 2458, 2500 and 2570

Learn & Earn,

Dr. Tanya Kumar

Disclaimer