Hi,
NSE:POLYCAB has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and Monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop...
Polycab gave sharp fall from 5700 odd levels to 3800 due to some news but then we saw consolidation at lower levels and again getting ready for big upside targets.
Buy on dips, 4280 - 4230 is first support zone and then 4050 - 4000. Accumulate for expected target of 5000, 5400 and above.
Please like the idea If you agree with the analysis, your like will...
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.
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...
Polycab 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 📉
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.
Hello, 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
