Rangebound price movement Stock price movement is rangebound. RSI is overbought on monthly chart. Thus, we can expect more downtrend to cool off RSI
POLYCAB trade ideas
Polycab looks good here for short term. Polycab has broken the trendline and is looking good for the targets mentioned on the chart T1: 2631, T2:2832, T3: 2999. Please follow a strict stop loss of 2289. This idea is for educatinoal purposes only.
POLYCAB : BULLISHFresh Buy@CMP
TGT - 2600 & 2700
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Polycab - Long SetupAll levels are mentioned on the chart.
Only for learning and sharing purposes, not a bit of trading advice.
All the best.
Expecting Breakout ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
PolycabTechnical analysis based on Trendlines & Price action
Use it just for reference and do your own analysis
Buy at 2495 SL 2475 TGT 2515 and 2530Suggestions are based on my analysis only. Please do your analysis before taking any trade.
POLYCAB LOOKS GOOD BUY 2500-2515 T1 2550 T2 2580 T3 2600 SL 2300-DKM SIR
buy as per your risk
i can see the big upmove from here
POLYCAB - Pullback TradePOLYCAB
Buy-Above 2410
Sl-2375
T-2324 2563
It can be traded in intraday and can be carry forwarded for the next trading session.
POLYCAB - Looking strong to move higher Polycab - polycab looking strong to push higher after some correction. One more decisive buying will push prices higher.
Polycab long with flag n pole ( about to breakout)Polycab on hourly chart is on verge of breakout, with targets of 2300/2400 nd 2600
POLYCAB25.10.2021
2337.6
SL 2115
TGT 2640
Trigger:
Bouncing from 50 SMA
Stochastic 20,3,3 crossed 20
Trend confirmation:
25 SMA above 100 SMA
50 SMA above 200 SMA
100 SMA today greater than 100 SMA 1 day ago
poly cab has taken support in weekly chartwe can see support on weekly chart
can reach consider target as all time high
Polycab India strong breakoutCup and handle breakout at all time high is done now time to retest the breakout. buying on dips suggested
Good support or buying zone is in b/w 2250-2300.
Target 2500,2900,3000++++
Avoid below 1760.
Disclaimer: Chart is being prepared only for educational purpose.
POLYCAB TRADE SETUP FOR TOMORROWAs you can see in the chart stock touch the 275 two times and then break the support in the past.
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Again stock is trying to repeat history, POLYCAB two times touched the level 275.
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So for tomorrow if stock goes up and then again make a red candle you can short this trade for the target of 2335.
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What's your view on this comment below in the box
Breakout soon expected at polycab. A good stock for long term.After the initial swing in the stock, it has consolidated for few weeks. And it is all prepared for the next breakout. Having risk reward ratio of 1:5 a good stock for short term. Even can be hold for long term as having good growth possibilities and strong fundamentals
POLYCAB LONGReasons and indicators to buy:
-RSI above 60
-Possible MACD Crossover (Possible...)
-Higher volume since the past 5 trading sessions, 1 MAJOR VOLUME BREAKER DAY BEFORE
Let's see what happens
POLYCAB SIMPLE PRICEACTION#Polycab stock taking support at 20 sma and giving BO with good volumes.Looks poised to head for further upmove.Awesome funadamentals with tailwinds in the sector.
Polycab longPolycab long
Extreme Volumes since 1 month
Buy at CMP-2525
SL- 2340
Target- 2780, 2985
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
