POLYCAB
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.
YR 2022 Idea #51: Long on POLYCABThis 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.
watch for range breakoutbuy above 2772 in Intraday
if opens between 2755 and 2700 then can take risk on breakout of 2755 but this will be a risky buy.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
POLYCAB INDIA SWING TRADEHello, polycab mid-term swing trade buy: 2,440 targets: 2,620/2,770 stoploss: 2,360.
LOGIC BEHIND TRADE: Stock has formed W pattern on 1D chart & given breakout of resistance (breakout buying) (targets identified from harmonic xabcd pattern level 1.131/1.618) stoploss is taken low of resistance candle. Above 2,620 stock can go upto all time high. NSE:POLYCAB
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalPOLYCAB INDIA
Stock trading in a range from almost last 7 months
Swing Buy Above 2470 for targets of 2500-2550 levels keep SL of 2425 on DCB.
Can also hold positionally
Intraday players can target for 1-2% with SL from 5min chart
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
POLYCABNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy trading