Polycab for shorttermPolycab is currently trading at price point where we have long term and short term supports
Trade based on the price action
POLYCAB trade ideas
Polycab a longterm buyPolycab looking interesting at this price point for longterm also it has good risk to reward ratio
Price is plotted on the chart
Polycab looks weaker.. buy above R1 line and sell below S1Polycab looks weaker.. buy above R1 line and sell below S1
Pulled downWill be out of bearish pull if it closes abobe 1080. Obeying descending supports as of now.
BullishIn case any bearish sentiment creeps in this scrip, in all likelihood it will find support at 723, while the ongoing bullishness may take it to a level of 847 to test the resistance there.
Polycab: which direction it will movePolycab:
Above 709 will be a good breakout closing basis. Current momentum suggest it may cross ds lvl.
