Cables have good demand. Polycab making bullish breakout from descending broadening wedge pattern and the subsequent targets are 5528.50, 5929.85, 6403.60 and the weekly pivot is at 6494.00. Around this level is 61.8% fib level 6427.55 so there is more supply (selling) in this point.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.