Shorting opportunity in POLYCAB
Trading in the rising channel from September 2021 and currently facing resistance in from the upper channel.
Recently delivered returns as per double bottom pattern so i believe it will show some correction soon.
Short position can be opened with the target of 2850 price, while stop-loss should be considered as breaching the upper channel on the closing basis.
Please do your own research before making any decision.
Recently delivered returns as per double bottom pattern so i believe it will show some correction soon.
Short position can be opened with the target of 2850 price, while stop-loss should be considered as breaching the upper channel on the closing basis.
Please do your own research before making any decision.
Trade closed: target reached
Successfully achieved the target price
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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.
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.