POLYCAB
37# Polycab IndiaNSE:POLYCAB Looks good as
1. Crossing above the last 1.5 years of Consolidation
2. . Bullish Crossover: Weekly EMA 20 Above Weekly EMA 50
3. Breakout with Huge Volume
4. Stock at all time high in unchartered territory
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#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education purposes.
Cup & handle formation on Polycab India Ltd (Polycab)After a year long consolidation, we can see a formation of a cup and handle pattern and an ideal buying zone for this stock.
Initial target: 3330.
Stop loss: 5-8%
Note: Personal analysis. Not a buy/sell recommendation. Do consult your investment advisor.
YR 2022 Idea #169: Long on POLYCAB withThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
POLYCABNSE:POLYCAB
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
POLYCAB - Long-term Trend analysis POLYCAB - Long-term Trend analysis
1. On a weekly timeframe excellent breakout occurred.
2. Expecting some retracement, once It's done it will fly to all-time high.
3. For short-term swing traders 2700 is the first target.
4. For the swing traders, it will hit a 2810 all-time high.
5. For long-time swing traders, once it one and close above 2810 the target will be 4000. It may be the next Jesse Livermore stock.
6. Strong support at 2300.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
YR 2022 Idea #83: Long on POLYCAB This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Long position in Polycab. Expectation of good results. Share with strong fundamentals. Expecting a turn around after high volume selling. Looking poised to turn around and go longer to make to make new highs.
*Not an investment idea, only for educational purpose*
Keep this under radar to go on for some good gains here.
PolyCab Chart Analysis !!📈 PolyCab 📉
My Findings :-
1. Breakout from a Consolidation Zone of Six Months.
2. Higher High and Higher Low formation.
Bias- Long
Target- 2950 and 3200
SL- 2538
RR- 1: 2.5
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.