Get started

POLYCAB

POLYCAB#POLYCAB Recent Bullish Move: Polycab India stock gained around 3.88%, showing strong upward momentum. Key Resistance: Approaching the 7,000 level, which may act as a significant resistance. Volume Surge: Recent price increase accompanied by higher-than-average trading volume, indicating strong buying interest. Short-Term Buy Range: Ideal entry could be around 6,800 to 6,900 if the stock consolidates or pulls back slightly. Short-Term Target: Possible target range of 7,200-7,300 for quick profits. Stop-Loss Recommendation: Set a stop-loss near 6,600 to limit downside risk. Trend Outlook: Likely to go up if it breaks 7,000; cautious approach recommended if it drops below 6,800.
NSE:POLYCABLong
by SkyTradingZone
POLYCAB - Consolidation -Breakout -DailyThe chart for Polycab India Ltd. (POLYCAB) from October 2, 2024, reflects a strong breakout above resistance levels with significant momentum. Here's a breakdown of key observations: Resistance Breakout: The stock has decisively broken above the resistance level around ₹6,905 with a strong bullish candle, closing at ₹7,326.55, marking a 5.34% gain for the day. The stock was previously consolidating within a range, but the breakout is accompanied by increased volume, which strengthens the move. Potential Target: Based on the breakout, the stock could test higher levels, potentially reaching around ₹7,672 (upper green resistance zone), indicated by previous high zones or Fibonacci extensions. Volume and Momentum: The volume bars indicate strong buying interest, confirming the breakout. The RSI (Relative Strength Index) shown at the bottom also supports bullish momentum as it is nearing the overbought zone, signaling strong upward momentum but also a potential caution for profit booking in the near term. Support Levels: The immediate support is around ₹6,902. If the stock faces a pullback, this level might act as a key support zone. Below that, ₹6,146 would be the next significant support level. The chart shows strong bullish sentiment, and the momentum might push the stock higher unless profit-booking or external market factors interfere.
NSE:POLYCABLong
by VCharts_TA
POLYCAB: Connection Profit KaPolycab is ready to move ahead and continue the momentum it has. India is growing as a consumption market; the most basic consumption is home buying and home decoration. Cables and wires are essential and aggressive industries. So as per momentum right now Polycab is priced at 7050 target would be of 7700-7900 with SL of 6750. It does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
NSE:POLYCABLong
by KelvinBhavsar
POLYCAB - Consolidation Breakout - Daily Polycab India Ltd., and it shows a breakout from a sideways consolidation range between ₹6,146 and ₹6,905. The current price is ₹7,054.80, reflecting a strong move upward with a significant increase of +4.56%. Key Insights: Breakout Confirmation: The stock has broken out from its consolidation range between ₹6,146 and ₹6,905, showing bullish momentum. Volume Spike: The breakout is supported by a surge in volume, signaling a higher probability of continuation in the current uptrend. Target Levels: Based on the previous range and measured move from this breakout, the immediate target is around ₹7,671.95, which is approximately 11% from the current price. A potential intermediate target was at ₹7,331.45, which seems to be reached as per the chart's high at ₹7,054. Support Levels: The previous strong support at ₹6,146 now acts as a solid base, and the price action above this level suggests limited downside risk in the short term. Conclusion: The chart signals bullish potential for Polycab India Ltd. with upward targets around ₹7,331.45 and ₹7,671.95, while the breakout and volume spike suggest strong momentum continuation.
NSE:POLYCABLong
by VCharts_TA
Polycab & Concor | Post Your Findings in Comments ⭕ Price Action Structure similarity !!!⭕ ====================================================== Technical Reasons to trade or Strategy applied :- Polycab & Concor both show cast same structure 2 times V shaped recovery Range bond Market Bear Bo ( breakout ) give Pretty good momentum Takes out 2nd V shaped Low as stop-loss Hunting POST Your Findings in comment section any other stocks with some pattern you observed we can discuss as a community there !!! Happy To Learn here in TRADINGVIEW with charts #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:POLYCAB
by ReviveTraders
Cables next rallyIndustry is experiencing robust demand environment and Polycab is well-positioned to capitalize on this favourable market dynamics. India Ratings has improved the outlook on Polycab's credit rating to “positive” from the earlier “on watch with negative implication” Polycab's in the process of calibrating new mid-term guidance and will be releasing the new guidance during the course of this financial year RDSS Govt scheme will give good orderbook Polycab working on 4 areas Improving our reach Product development Brand positioning Influencer management Every quarter, Polycab adding new geography to supply its inventory Working on 1000 to 1100cr capex to cater increased demand in next few years. 280Cr capex already done. Capacity utilization in Q1 70-75% In power transmission distribution sector, component of cable supply is high than other sectors. Cables 75% and wires 25% contribution. Wire contribution would increase in upcoming quarters between 4 to 8 as real estate projects are in progress. Framed index with Kei, Polycab, RRkabel, Fincables. Fib target is double of current. Target 29987.45 of this index.
NSE:KEILong
by naraykln
Keep An Eye - Gap Fill - POLYCAB📊 Script: POLYCAB 📊 Sector: Cables 📊 Industry: Cables - Power Key highlights: 💡⚡ 📈 Keep an Eye on Stock There was a gap down on 28th June we may see Gap Fill. GAP RANGE - 6777 TO 6990 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:POLYCABLong
by radha_23
2
Short Term Trading Opportunity in Polycab India for > 10% UpsideHi, NSE:POLYCAB has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on daily, weekly and Monthly time frames. RSI is also on the bullish side on daily and weekly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss on Daily Closing basis and targets mentioned on the charts for educational purpose. Don't Forget to Subscribe to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:POLYCABLong
by raigvivek
1
POLYCAB - Long Setup, Move is ON..NSE:POLYCAB ✅ #POLYCAB trading above Resistance of 6460 ✅ Next Resistance is at 7600 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:POLYCABLong
by Sandeep_Aggarwal
Polycab India - Long Setup, Move is ON...#POLYCAB trading above Resistance of 6460 Next Resistance is at 8710 Support is at 4210 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:POLYCABLong
by MandeepSinghKohli
Polycab - Wires & Cables demand in multiple sectorsConcall Polycab...3K Cr Capex over 3Y. A bit towards backward integration(improves efficiency) & FMEG segment Seen 30-40% volume growth in Q4 & last year. Industry at 22% growth No material impact in pricing pressure despite rise in commodities(copper & Aluminium) pricing. Mgmt seems to have witnessed this G8 demand in Infrastructure, Power, Renewable energy, EV, Railways sectors...and so capacity expansion. Seems to be an article published mentioning power deficit in India in June 12-13% consistent margins achievable over long time Distributors playing key role in sales.. Cuz only 10% customers directly buying from company. 89-90% sales is thro' distributors... RDSS govt project open orders close to Rs. 50 Bn FY 23 closed with 18K Cr revenue. Previously set target was 20K Cr top line by FY 26. But this will be revised(increased) by this FY
NSE:POLYCABLong
by naraykln
Potential Breakout: Polycab Indicates Upside Momentum Above 5780Details: Asset: Polycab India Limited (POLYCAB) Breakout Level: Sustaining above 5780 Potential Target: Upside momentum expected Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Polycab India Limited (POLYCAB) is showing signs of a potential breakout above the 5780 level. Sustaining above this level could indicate a bullish sentiment shift and pave the way for significant upside momentum. If the breakout is confirmed and sustained, POLYCAB may experience a substantial upmove. Market Analysis: Technical Breakout: A sustained move above 5780 would suggest a technical breakout, attracting buying interest and potentially driving the price higher. Market Sentiment: Positive market sentiment or company-specific factors may be contributing to the anticipated breakout in POLYCAB. Price Target: The potential upside target for POLYCAB is not specified but is expected to be significant if the breakout sustains. Risk Management: Implementing a stop loss strategy below the breakout level is essential to manage risk in case of unexpected price reversals. Timeframe: The projected upside move for POLYCAB is based on a short to medium-term outlook, but actual timing may vary based on market dynamics. Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio. As always, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making trading decisions.
NSE:POLYCABLong
by CyborgTradingHub