POLYCAB trade ideas
Great BuyReasons to buy -
1. Overall uptrend.
2. Break of the Range
3. Wait for a pullback and retest completion
Note -
Buy only when there is a bullish reversal after the pullback is complete or the setup will become invalid.
Polycab will show some correction keep SL AT 20EMAPolycab
will correct in the comming days wait for correction
Keep sl at 1850
POLYCAB WITH BULLISH CONFIRMATION.Stock good for short term investments.
DISCLAIMER - Analyse by yourself before investing.
Do comment and suggest if corrections needed.
HAPPY TRADING.
POLYCAB ATH Resistance BO LiveNSE:POLYCAB
Stock trading bullish and reached ATH
Good above the BO level candle closure
ALL HL's Can be tradable
Medium to Long term
not stoppingride with cautious. no levels on upside as stocks hitting new highs, buy on dips at marked levels when dips
missed it!...added in my watch list when it is consolidating in range, but I thought of posting when it gave a breakout and I am late by 2 days and the damage has been done!.....
simple prize action, I think no need to explain....
Wires and FMEG Companies June 2021 UpdateJust mapping the companies who manufacture electrical wires and fast moving electrical codes top three an update on their performance.
POLYCAB side ways move saturated - potential to breakoutPolycab seem to be saturated from last 5 days, no major move (less than 1%). MACD and volumes indicators too dying out, suggest loss of momentum.
it will possibly breakout and move up the trend.
watch out!!!
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...
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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...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading.
Intraday Trade: watch for resistance breakoutpolycab can break swing high which works as resistance
buy above 1700 and sl 1675(previous day closing)
avoid if gapup or bo happens before 9:20
Breakout-Retest-ContinuationBreakout and proper retest are happening again for 2nd time. Can be bought for a target of 1750.
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POLYCAB trending downwards POLYCAB trending downwards
Shooting Star Formation. RSI in Overbought Zone
Enter again at - 1300.
Accumulate till - 1100
SL -1000
Target1 -1550
Target 2 - 1650
A bull This stock now behaves like a bull tied on rope once it breaks it can show a good run. Accumulate the stock when it touches the green trend line
POLYCAB. Starts of correction.Polycab will start downtrend from here with resistance around 1250.
For Long start accumulating around 1300 till 1100 with SL around 900-1000.
Note :
Analysis is for educational purpose and to get the opinions. Invest at your own risk.
Do you love stocks making new highs?Positional Trade Analysis:
POLYCAB:
Don't underestimate stocks trading at all time high. Add to your portfolio with a SL will minimize your risk and returns will be ultimate if your ride the trend. DON'T MISS THESE OPPORTUNITIES.
-Mohit Rajani
