If a strong stock due to some reason falls and take support at Monthly 20 and spend some time there then generally give strong bounce
So if stock spend time there
entry > 4040
SL 3600
T1 4500
Fib - The stock halted today at fib confluence at 3800. That the circuit did not sustain for the entire day means we can see this zone holding.
Candlestick- Thats definitely a bear candle and an early indication of a change in trend.
Volume- stock falling with volume is negative.
RSI- break of the bull support at 40 is negative.
Extreme indication - this...
Simple ORB STRATEGY WITH VOLUME I'm expecting above blue line close D chart will lead to 10% target 1
Sl 5% or previous swing low
3 to 6 months OR FAST NEAR THE TARGET (FOR MTF TRADE VIEW )
Just a view educational purpose only trade at your risk management
POLYCAB - Although the company has corporate governance issues, there could be good swing trading opportunities in the stock.
My thoughts (not a trading recommendation): 2 scenarios -
I'd go long if the stock takes support at the channel bottom with good price action & reversal candlesticks. My stop loss will be if the channel breaks.
I'd go short if the...
A very rare setup, where pessimism surrounds the business and nothing looks good. This is a setup I have personally coined where Support becomes more important than resistance.
POLYCAB - Failed BO followed by Free Fall
⚠️Must go Through the Chart📊
Sometimes Market can be Ruthless to Those who are not Disciplined Enough.
✅Gave multiple Exit Signals before the Free fall. Did you Read them?
If yes then Great! If not then go through the Chart.
Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: POLYCAB
🔍 Description: Stock is around the support of Rising Channel.
Stock also completed its bearish target around 3700-3800
We can see stock bottming out near 3700- 3800
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Trade Wisely. We Can Just Predict.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your.
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Polycab stellar performer among wires & cables. Polycab's guidance value is to achieve 20K Cr revenue(top-line) sales by 2026. And it appears they'll achieve ahead of timeline. Company expects volume growth to continue in the second half as well. As of 2023, 14K Cr sales.
Jefferies adjusted its price target for Polycab India from INR4,835 to INR6,220 and...
The market has been spooked by the news of Polycab and there are a lot of rumours.
If there is an increased panic tomorrow..
It might lead to an interesting bounce around 4600 where it might make sense to take atleast 1 shot with a small 3-4% allocation. The idea is to see if there is a bounce around the 200EMA where it should take support..but it'll have also...
Beaten price Correction
Improved M.Cap
Better performing than Havells and less PE, potential to be top of market for coming years
Go and ask for polycab business in any electrical shop
POLYCAB has lower lows for 3 days and volume increased with 4th day with open price greater than close forming a reversal indication. RSI is above 50 and SMA combined showing upward trend from 6th Dec.
