Polycab | Good for Long NSE:POLYCAB
Cmp : 2685
Range Break out
Increasing Volume
Stock May move good
#Study
POLYCAB trade ideas
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalPOLYCAB INDIA
Stock trading in a range from almost last 7 months
Swing Buy Above 2470 for targets of 2500-2550 levels keep SL of 2425 on DCB.
Can also hold positionally
Intraday players can target for 1-2% with SL from 5min chart
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
polycabBuy above 2415
SL 2315
RR: 1.5
Price rise more than 2%
OI increase more than 2%
Price above 50 EMA
MACD trigger
Downward trendline broken
Watchout for Resistance breakoutPOLYCAB has been consolidating for last 7 months and has developed support and resistance zones. Today it has closed above all EMA and formed a bullish engulfing candle.
Buy above 2414 level for both intraday and swing.
Intraday target 0.7-1%
Swing buy only on closing basis - targets 2458, 2500 and 2570
Learn & Earn,
Dr. Tanya Kumar
KIND OF BULLISH !The stock has been in a range for a quite long time, now it's breaking the range with volume which is a significant sign of possible bullish move.
Plan your trade according to your Risk Management.
Follow for more simple and effective charts.
This is not a call do your own analysis before investing.
POLYCABNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy trading
Low Risk set up ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
polcab 1 hrnear imp area baised towards short side looking market sentiments
Do your own research before trading
SHORTAs we can all see the false breakout in the triangle pattern so there are many chances of breakdown.
POLYCAB BREAKOUTPOLYCAB BREAKOUT : keep close sl. profit qtr to qtr is bit low though reported highest ever sales. trade with close monitoring.
Polycab Cmp 2511 dated 21.1.2022 SELLPolycab Cmp 2511 dated 21.1.2022
1. Bearish Candlestick on chart.
SELL below 2480 for a tgt of 2425-2365-2310-2270
SL 2575
It is just a view, pls trade at your own risk.
POLYCABWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
POLYCAB TRADING IN DEMANDZONEPolycab is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods ‘FMEG’ under the ‘POLYCAB’ brand.
BUY AROUND 2490-2505
AND STOP LOSS 2450
TARGET 1:2,1:3,1:4
Wait for zone to breakThis guy gives break out .now it is in small consolidation. The entry possible if breaks the high...!
All Time High,Rectangle BreakoutRetesting rectangle breakout, relative very strong in weak market.
under 2600 trend weakness will start
POLYCAB breakout in dailytimeframewe can go long in POLYCAB
keep an eye
Ask me SL and target in DM
Insta handle @queenofstockmarket
Polycab - Strong BreakoutThis is 4th attempt to cross this range of price. RSI is also improving and volumes are also picking up. This could be a breakout after September 2020.
Resistances: 2648, 2710, 2825
polycab indiapolycab india given trading range breakout and now retesting , buy on dip for big target.
ATH Breakout in PolycabStrong breakout in polycab making new ATH with Supporting volume bars. A retest entry would be idle for swing traders.
