harshad_009

swing trade in Polyplex Corp

Short
NSE:POLYPLEX   POLYPLEX CORP
Polyplex Corp ( LTP 1743. 40 ) traveling in an affirmative rising channel is ideally poised for an either way swing,

*scenario #1 it retraces and touches the lower end of the rising channel , takes support there and then crosses the upper end of the channel then can travel to the 1. 618 retracement which is 2173.80 i.e. a 24.65% swing (validity confirmed after a closing above 1995)

*scenario #2 it travels downwards and breaks the lower end of the channel then it can swing towards the 200 DMA . 618 retracement which is 1233.70 i.e. a -29.23% swing ( validity confirmed after a closing below 1590)

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