Polycab - Reaching Resitance* Stock now getting ready to reach near its strongest resistance area of 6165 - 6300
* It also happens to be a flip zone so stock will surely try to get stuck and even turn bearish from the same level
* Lower Time Frame Confirmation is compulsory to enter
* Downside target near 5250 -5200 can be expected
* Right now it is in a wait n watch situation
* As market volatility is on the higher side trade cautiously
Polycaboptiontrade
POLYCAB LOOKS WEAK | LOOKING GOOD FOR 4050 - 3565Polycab gave big gap-down due to some news and formed a bearish pattern. Sell around 4450 for the downside targets of 4050, 3820 and 3565 until 4655 is intact on the upside.
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InvestPro India
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.