POLYCAB
Polycab - Intraday Good bet after good resultsPolycab India has declared a good result.
On 15 min chart it is showing strength and can touch the target of 1320-1340 levels in intraday.
All levels are mentioned on chart.
DISC: For educational purposes only.
Poly cab-2% upside 1.Warnings:
*Not a reco*
This is my first set of analysis.
2.Analysis
* triangle pattern formed on polycab on 30 mins chart.
*upside-1.5-2% if there is sting breakout
*2 watch out on 3rd sting breakout
POLYCAB - Ride the ChannelSelf Explanatory.
*****
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
Always keep a stop loss to rescue you out of troubles.
So kindly express any disagreement & improvements so that we learn & earn together.
Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
POLYCAB for longNSE:POLYCAB Consolidation of over a month and volume activity is seen and BO of penant.
One can go long with SL of 910 for target of 1000, CMP 940. Rhis idea is offering good RR.
Polycab 18% upside target= Bullish Pennant formation
=Retesting with 50% less volume
Stop loss : 930
Target: 1118
Purchase 30% Qty at current price and 70% Qty above 976
Polycab for shorttermPolycab is currently trading at price point where we have long term and short term supports
Trade based on the price action
Polycab a longterm buyPolycab looking interesting at this price point for longterm also it has good risk to reward ratio
Price is plotted on the chart
