Polycab Gap likely to be filledNSE:POLYCAB looks good at these levels. It is a good candidate to fill the gap that it created due to the Income Tax Raid news. If it attempts to fill the gap, I do expect it to reach its previous highs.
POLYCAB
POLYCAB - Weekly Channel pattern - Read description carefullyPOLYCAB - Although the company has corporate governance issues, there could be good swing trading opportunities in the stock.
My thoughts (not a trading recommendation): 2 scenarios -
I'd go long if the stock takes support at the channel bottom with good price action & reversal candlesticks. My stop loss will be if the channel breaks.
I'd go short if the channel breaks with good volumes and my stop loss will be if the stock comes back into the channel.
POLYCAB : Bottoming out very soon Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: POLYCAB
🔍 Description: Stock is around the support of Rising Channel.
Stock also completed its bearish target around 3700-3800
We can see stock bottming out near 3700- 3800
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Polycab - Valuations at its peakPolycab stellar performer among wires & cables. Polycab's guidance value is to achieve 20K Cr revenue(top-line) sales by 2026. And it appears they'll achieve ahead of timeline. Company expects volume growth to continue in the second half as well. As of 2023, 14K Cr sales.
Jefferies adjusted its price target for Polycab India from INR4,835 to INR6,220 and maintained its "buy" rating
Been riding this since 2021.
Earnings are growing good every quarter.
Revenue(8 to 16K Cr),
Net profit(766 to 1622),
EPS(50 to 100)
All these roughly doubled in 3Y since 2020.
Whereas Price grown 7 times. 740 to around 5K
Further in terms of valuations
PE (Price to Earnings ratio) Last 5Y avg is 31.426 Current 46.40
PB (Price to Book ratio) Last 5Y avg is 6.332 Current 11.45
PS (Price to Sales ratio) Last 5Y avg is 2.8. Current 4.7
I'll patiently wait for price near 50% Fib level which is 3350. 2600 is fair value.
Pivot R2 is at 3533.
Historical fall is 35% from ATH. So 35% from ATH is 3570.
Previous resistance breakout is at 3618 which could act as support.
So +/- 5 to 8% above 50% fib level.
I'll start watching from 3620 and accumulate gradually over fall & reversal.
Disclaimer: Entered and averaged up Since Mid 2021 till Mar 2023. Holding.
POLYCAB - Ichimoku Breakout 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 purpose and a helping hand to learn trading in Market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
I hope you all like my analysis.
Please do share your thoughts into comment section.
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Polycab BreakoutFlag Pattern Breakout on daily & hourly time frame.
ATH Daily & Hourly Closing.
Breakout Level - 4845
CMP - 4853.75
Target 1 - 5050
Target 2 - 5120
Target 3 - 5200
SL - 4745
Time Frame - 10 Days
Educational Discussion Only
POLYCAB F&P BREAKOUTPOLYCABis breaking out fromF&Ppattern
trading above all key ema
good volume
educational idea only
POLYCAB LOOKS WEAK BELOW 4590Short 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
POLYCAB - Long Setup, Move is ON..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. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
POLYCAB GIVING BREAKOUT FROM F&P FORMATIONPolycab breaking out a F&P pattern
good volume,hott RSI,MACD crossover
looking very good for long term
educational idea only
polycab resistance breakoutpolycab has break its resistance on daily chart with rsi over 70 and macd histogram turning positive buy for 1 week
POLYCAB - Long Setup, Move is ON..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 is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
POLYCAB - Ichimoku Bullish Breakout 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 purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
Polycab - At crucial levelThe 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 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 GIVEN GOOD CLOSINGPolycab given strong closing
trading at ATH and above 20 ema
keep on radar for good upmove
educational idea only
POLYCAB F&P BREAKOUTPolycab breaking out from F&P
trading above 20 ema
target can be 3100+
educational idea only
POLYCABPOLYCAB:- 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 successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Short PolycabPolycab 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.
POLYCAB F&P BREAKOUTPolycab is giving f&p breakout
target can be 3020
SL can be 2750
educatinal idea only
POLYCAB COMING TOWRDS SUPPORT ZONE | 2735 - 2700Polycab coming towards it's support zone @ 2735 - 2700 and expecting a bounce towards 2980 - 3000 levels.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Polycab bullish on 2023polycab is near its 1 year high price facing the resistance near its higher level if its sustain above the mark of 2022 level then we can see huge growth in polycab in 2023. bullish for a year
Polycab - Long IdeaThe setup is shown on the charts. If the stock crosses 2685 and sustains above, may go to 2830.
Keep your position size according to your risk management.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
