ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Stock Name - Polycab India Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 5311
#This is not Buy and Sell recommendation to any one. This is for education...
Short Polycab once sustain below 4590 for the marked targets on the chart until 4740 is intact on the upside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NSE:POLYCAB
✅ #POLYCAB trading above Resistance of 4163
✅ Next Resistance is at 6460
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....
#POLYCAB trading above Resistance of 4210
Next Resistance is at 6460
Support is at 3162
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
NSE:POLYCAB
✅ #POLYCAB trading above Resistance of 3350
✅ Next Resistance is at 4163
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...
Stock Name - Polycab India Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 3400
#This is not Buy and Sell recommendation to any one. This is for education...
The stock has reached the breakout level according to the setup shown on the chart. May test 3250-3260 once. If does not sustain above, may come down to 2970/2850. All levels are indicated on the charts.
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
Polycab on weekly timeframe has been moving into this rising channel and is also forming an inverted h&s pattern, the breakout for which is visible (considering the weekly closing) will sustain above neckline. It looks very bullish
POLYCAB:- Stock has also given breakout by forming cup and handle, keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the...
Polycab has gone down even after good results for the last 4 times. It is already at all time high and at a resistance level. With the current market downtrend expecting the share to drop.
Short Polycab 3000PE with stoploss at 3100 and target of 2800.
