POLYCAB trade ideas
Go Long on PolycabFinally polycab has given a breakout after consolidating for 1 month and it has come again for retest so go long with small SL.
POLYCAB, TRADE ANALYSIS - HOW WE TRADED 5% BUMPER MOVEWe have been tracking POLYCAB for a week and it made us wait. On Friday, I posted around 11:50 that POLYCAB can give us breakout today & our analysis came true. It gave good 5% move and also faded equally fast. But most of us earned well from this trade.
I have shared following in this video
1. Reason for my entry early
2. SL that I kept & correct SL if I would have taken full quantity.
3. Target determination
4. Reason for booking.
Hope this helps in learning.
Thanks
Piyush Gupta
Learn & Earn
Consolidation breakout polycabThe stock of Polycab is consolidated in the range of 1340-1380 from the last six weeks. We are expecting the breakout in the range of 1382-1384 in the same, which can lead the price to the level of 1445-1450 the stop loss should be 1344.95 for a long trade.
Long in Polycab Ascending triangle breakoutPolycab formed ascending triangle looks very promising with increase in volume, once it creakout for range im looking for 1.27 and 1.61 target
POLYCAB BREAK OUT OR BREAK DOWNA very simple channel analysis, if the stock break out get into the stock with a target of 1445 and SL at 1310 or if the stock break down get into the stock with target of 1200 and SL at ATH(1390 or 1400).
Get into the stock at your own risk it's was just my view on this stock.
Multiple bullish patterns around ATHThe stock is making a double bottom and ascending triangle pattern. Once it sustains above 1340, we can expect a good upside move of 5-8%
Polycab - Intraday Good bet after good resultsPolycab India has declared a good result.
On 15 min chart it is showing strength and can touch the target of 1320-1340 levels in intraday.
All levels are mentioned on chart.
DISC: For educational purposes only.
Poly cab-2% upside 1.Warnings:
*Not a reco*
This is my first set of analysis.
2.Analysis
* triangle pattern formed on polycab on 30 mins chart.
*upside-1.5-2% if there is sting breakout
*2 watch out on 3rd sting breakout
Polycab Dynamic Area TradeTook Long at 1190 on the dynamic area. Tgt for 52 Week High.
Disclaimer-Only for Educational Purpose.
Polycab, retail profit bookingIn this example we can see that in past the consolidation was broken with huge volumes and the consolidation of HVN was with dry volumes.
The trending candles are with wide range candles and huge volumes.
Retail participation is leading to profit booking. Thats why pullback with lower volumes.
Institutional participation is clearly seen (refer to delivery volumes ss) and that's why wide range candles with huge volumes. Lets see what happens next.
Polycab is moving upPolycab is moving up in channel pattern. But on weekly chart polycab shows us approximately 200 points hammer on this week. So, I am very very bullish till the channel is sustained. If any deep comes in channel I will add more. And my first target is 1180.
POLYCAB: 9 Months Channel Breakout! Very near ATH⚡⚡Buy on each dip if occurs. Trendlines are marked. Candle is supper bullish and volumes are awesome!
