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!
POLYCAB trade ideas
POLYCAB - Ride the ChannelSelf Explanatory.
*****
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
Always keep a stop loss to rescue you out of troubles.
So kindly express any disagreement & improvements so that we learn & earn together.
Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
Polycab:- Ascending Triangle Breakout A fundamental pick by a person who I admire, who made me look at various directions, who taught me a lot and who is helping me to be a better trader.
Finally my technical is matching and now I know his insight.
Let's understand now what is happening.
This stock broke resistance of 1000 (a psychological one) along with horizontal resistance which it has also retested it again and again.
On the bottom it is riding a trendline which is pushing it at higher levels again and again.(Marked with triangles.)
And finally the volumes which was being generated before breakout was also huge. so someone must be buying.
I have placed 3 targets on the chart. People can go according to their apatite .
Always remember higher the target we go longer the time it will take. So don't expect a move of 40% in next 2-3-4 days or in a week.
Cheers and Happy Trading.
Disclaimer:- I am not SEBI registered. All the levels plotted are only for educational purposes. Trade with your own risk and caution.
Polycab - stock to watch out for short-medium term!!! We have already recommended this stock at 932 levels. Still its good bet to go long. Stock has formed flag pole pattern and is in the verge of breakout at 976 levels. However, its fundamentally sound company and is market leader in cables & wires segment. Don't miss this, accumulate at dips. Target 1050+
POLYCAB for longNSE:POLYCAB Consolidation of over a month and volume activity is seen and BO of penant.
One can go long with SL of 910 for target of 1000, CMP 940. Rhis idea is offering good RR.
Polycab 18% upside target= Bullish Pennant formation
=Retesting with 50% less volume
Stop loss : 930
Target: 1118
Purchase 30% Qty at current price and 70% Qty above 976
Poly Cab - Will flyTrade Plan: Scrip is bullish in all Higher Time Frames. Formed a Flag pattern.
Trade : Enter - CMP. SL : below 908 on daily closing basis. Target : 1100 (CMP + Flag Heig
POLYCAB LONG FOR A TARGET OF 1090 WITHIN THIS WEEKSHOULD GIVE A HUGE BREAKOUT THIS WEEK AT ANY COST MAINTAIN SL AT 911 JUST INCASE
Flag & Pole BreakoutNSE:POLYCAB very near to a flag & pole breakout.
Price has been consolidating for sometime, Expect a strong breakout above 940 levels in the coming sessions
DIWALI PICK POLYCAB INDIA - SHORT TERM INVESTMENTTRADE TYPE: SHORT TERM INVESTMENT | HOLDING PERIOD: 3 TO 9 WEEKS | BUY RANGE: 915- 930 | TRADE INVALIDATION: 790 | RISK: 13%
Polycab India is the top manufacturer of electric cables in India. The company engages in designing, manufacturing, and selling electric wires, cables, and electric wiring accessories. The company has an overall market share of 12% in the domestic wires and cable segment. FY20 revenue by segment: wires and cables, 84%; fast-moving electric goods (FMEG), 9%; other, 7%. The company reported better-than-expected Q2 FY21 results. It has ROE of 20%
The company has a diversified customer base in sectors like health care, oil and gas, renewable energy infrastructure, etc., providing customers with a variety of wire and cable options. With more than 1B subscribers, India is the second largest telecom network in the world. The advent of 5G, which requires fourfold the current fiber density and 20x more base stations, will boost sales of optical fiber cables and other telecommunication cables.
The national infrastructure pipeline is a group of 6,500 projects across 23 sectors lined up with private and public investments of $1.4T. Rural electrification programs focus on the electrification of rural areas. This would boost demand from the transmission and distribution sector for wires and cables. It would also create a secondary market for FMEG products, which are bought post-electrification. The Indian governments' housing-for-all initiative, which aims to help 20M households by 2022, and smart cities mission would drive sales growth for a market leader like Polycab in the EPC, wires and cables, and FMEG segments.
Manufacturing expansion and distribution network could boost growth The Company engages in steady investments in setting up new plants, capacity expansion, and automation, which has helped it stay ahead of the competition. The company maintains its quality, efficiency, and logistics through strategic backward integration in its manufacturing process. Polycab has more than 25 manufacturing facilities in strategic locations, of which four manufacture FMEG products, supported by 30 depots across India. Distribution channels, dealers, and distributors contribute 80% of the revenue and cater to retail customers.
Disclaimer
All investment ideas published are for educational purpose only. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Polycab 1D chartPlease enter the trade once u get a proper breakout or reversal from the levels, Do not hesitate to contact me with any queries. Kindly support my views. Thanks
traingle pattern on polycabtraingle pattern on polycab
do your own analysis on this chart and take the entry
Triangle inside a channel pattern - Break !!Price inside a channel pattern formed a triangle pattern and it is about to break. If breaks channel top is the target, before that there is a strong support/ resistance level running through as shown in picture.
If you find my analysis helpful . . . . . Please show your support by hitting 👍 LIKE button,
Your Support is very much 🙏 appreciated!
