The stock had a reistance at 5732 which is successfully breached today moreover it can be followed by a short rally however on the long run the stock can deliver upto 45% returns and reach till the 7000 mark
Details: Asset: Polycab India Limited (POLYCAB) Breakout Level: Sustaining above 5780 Potential Target: Upside momentum expected Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Polycab India Limited (POLYCAB) is showing signs of a potential breakout above the 5780 level. Sustaining above this level could...
Polycab after Long consolidation is ready for new rally Once cross 5740 Massive surges Long 6000+ Option traders 6300 ce sl 60
Yes, As per my technical analysis If any stock which trade over RSI 65. it will go up by 30%. Same situation happens in Pollycab. Polycab gives breakout with RSI in last month. also it generates the cup pattern. So the target will be 6818 and 7264.
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- CMP -5267 Elliott- The first sharp fall in this counter is just one leg of the corrective pattern called zig-zag. The B leg which is with the trend is offering u an opportunity right on the highs to exit. The C leg will now being and this will come down minimum to 3480. In my view 2300 is a high probability. The short term charts are also set for a...
Polycab looks bearish and Polycab in swing bearish. Looking for a short trade.
Polycab after all negative news, and good doji at weekly time frame. All set for 10K isn't so?
Reason for long a) Pole and flag breakout b) weekly breakout c) Consolidation breakout d) QQE breakout e) SL compulsory entry only if it is green closing above the previous day high otherwise skip the trade
policab done a great gap filling work and formed a raising wedge pattern in daily chart. the stock may fall in upcoming days. This analysis is for learning purpose only. It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
20 week ma also acting as resistance. Clear sell signal in polycab For people holding this is exit opportunity.
If you look at Quarterly chart, We could see a pattern that after an year consolidation, 100% rise has happened. Could we expect Dec '23 - Dec '24 as consolidation period. Historically, 1st quarter of polycab hasn't performed except last year which was a surprise. Let's see what happens this year. Higher low hasn't formed yet in weekly chart.
The stock completed corrective move of a correction wave X, now I think its going to resume its fall towards 2500 as wave Y. Let's see how it unfolds. This is only for study purpose, not suggesting to trade or invest.
Polycab India upside movement possible Buying above the 4753 Stoploss 4199 Target 5645
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...
Polycab 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. Please like the idea If you agree with the analysis, your like will motivate us to share more ideas on Tradingview. Happy Trading! InvestPro India
NSE:POLYCAB looks good at these levels. It is a good candidate to fill the gap that it created due to the Income Tax Raid news. If it attempts to fill the gap, I do expect it to reach its previous highs.
#Polycab cash -Positional call 15.Feb 2024 Looks good around 4460-4510 Stoploss 4300 Target 4760-4800/5200 Cmp 4624