Short Polycab once sustain below 4590 for the marked targets on the chart until 4740 is intact on the upside.
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Polycab coming towards it's support zone @ 2735 - 2700 and expecting a bounce towards 2980 - 3000 levels.
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InvestPro India Team
NSE: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...
NSE:POLYCAB is on his Support zone. On 1 hr time frame there is one resistance line. Buy if Crosses this resistance broken. First Target 2730. after break out
📈 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.
we can see cup and handle pattern in Polycab. Positional Trade.
Entry - 2755
Target - 2950 , 3200
Sl - 2680
(Trade at your own risk. Educational Purpose Only)
