Polyplex Corp cmp 1348.50 by Weekly Chart viewPolyplex Corp cmp 1348.50 by Weekly Chart view
- Price Band 1375 to 1450 Resistance Zone
- Price respecting Rising Support Trendline
- Price has sustained well above the Falling Resistance Trendline
- Bullish Cup & Handle is perfectly formed by neckline at Resistance Zone to breach for fresh breakout
Polyplexcorporation
CHANGE OF STRUCTURE IN POLYPLEX CORP"Polyplex Corp" is showing lower-lows with the trendline as it's dynamic resistance, and is about to reverse it's whole trend (Bearish to Bullish) in weekly timeframe. 1150 is the level of confirmation for it's structure change. Target is calculated using the XABCD Pattern of Harmonics, which comes out be a return of almost 9% which is a very good return on deployed capital. Profit should be booked immediately between 1240-1250/55 as the bigger trend is bearish and the target level happens to be the PRZ area for the XABCD Pattern. So, keep an eye on this stock above 1150.