hey guys,
Elections are on the way in India.
The 2024 elections are said to be one of the major election in India as it will decide if the current Govt will continue it's session for the Third Time or India will have a new face for the Prime Minister's position.
While the politicians and news-media focusses on the politics, let us analyze and make money from the...
Polycab has given very good rally.
Now we can see that on monthly chart it is trading at very far from 20sma.
On daily it is showing breakdown of rising channel.
It is now likely to go in consolidation/pullback phase.
CMP: 5,432.95
Target: 5800
Return: 10%
watch out upcoming earning results. It rally 10-20% after every earning result announcement in past . Will this continue now? Let's wait and see.
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: POLYCAB
🔍 Description: Prices are moving in a rising channel.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor,...
Polycab India is in a bull trend on daily charts. After making a high of 5333 it retraced back till 4849 and now after taking support there it has started again moving in its trend direction. It has taken exactly taken support at Kinjun and have potential of making new highs. One can enter at around 5129 with stop loss of 4912 and target of 5333. After crossing...
Stock Name - Polycab India Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 5311
#This is not Buy and Sell recommendation to any one. This is for education...
The stock is trading at an all time high.
However, in the past, it has shown tendency to give long targets.
The up-trend is expected to continue till 4000 at-least.
It could also extend to 5300 optimistically.
Near term support is at 3100, however the trend would remain intact as long as price trades above 2800.
Short Polycab once sustain below 4590 for the marked targets on the chart until 4740 is intact on the upside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
If the trendline breaks so we can long the stock with upside target and if Support zone breaks we can short the stock with downside target.
Hope for the best
Happy weekend.
