Polycab India LtdPolycab India Ltd, big news based fall, but not fully proven .. technical supports are on chart for short term or risk takers...........
POLYCAB trade ideas
The DDJL PatternA 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.
Failed BO - Case StudyPOLYCAB - 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.
POLYCAB : Bottoming out very soon 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.
POLYCAB laga dala life jhingalalaTrade 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.
If you love my analysis Like And Share wherever you want..
Polycab - Valuations at its peakPolycab 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 maintained its "buy" rating
Been riding this since 2021.
Earnings are growing good every quarter.
Revenue(8 to 16K Cr),
Net profit(766 to 1622),
EPS(50 to 100)
All these roughly doubled in 3Y since 2020.
Whereas Price grown 7 times. 740 to around 5K
Further in terms of valuations
PE (Price to Earnings ratio) Last 5Y avg is 31.426 Current 46.40
PB (Price to Book ratio) Last 5Y avg is 6.332 Current 11.45
PS (Price to Sales ratio) Last 5Y avg is 2.8. Current 4.7
I'll patiently wait for price near 50% Fib level which is 3350. 2600 is fair value.
Pivot R2 is at 3533.
Historical fall is 35% from ATH. So 35% from ATH is 3570.
Previous resistance breakout is at 3618 which could act as support.
So +/- 5 to 8% above 50% fib level.
I'll start watching from 3620 and accumulate gradually over fall & reversal.
Disclaimer: Entered and averaged up Since Mid 2021 till Mar 2023. Holding.
Polycab - IT Notice BounceThe 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 already have stopped out most traders.
The company is still a solid company and this tax issue will eventually spill over.
Keep a SL below 4450 in this case.
Option writers might try to protect 4800 maybe even intraday or over the course of a few days..
Go-Long Fantastic- With Bullish Breakout Just Watch Happend if anyone find Correction or Mistake let me know that was helpful for me
Break from Bounding BoxBeaten 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 Bullish viewPOLYCAB 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.
Cup & Handle Breakout abv 5435It is India’s leading manufacturers of cables and wires and allied products.
Market Cap₹ 79,846 Cr.
ROCE 27%
-Growth YOY
Sales26.6%
Profit 58.8%
InstHold 20.5%
Polycab Analysishey 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 amazing opportunity.
Here are the details of the analysis-
CMP- 5200
Stoploss- 4836
Target- 6000
Duration- Feb- March 2024.
Exhausted and likely to show consolidationPolycab 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.
Polycab | Long Term | 10% ReturnCMP: 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.
Volatility Contraction Pattern (VCP)📌Volatility Contraction Pattern (VCP)
✅Keep on Radar
POLYCAB
+ Volatility & Volume contraction
+ Tight Squeeze around the resistance
+ Strong relative Strength
+ Trading at ATH
+ Above Key EMAs
Darvas Box 📌Darvas Box
✅Keep on Radar
POLYCAB
+ Trading at ATH
+ Volatility contraction
+ Trading above Key EMAs
Polycab Negative RSI Divergence on weekly charts Polycab has negative RSI Divergence on weekly charts plus is on the top of weekly longer term chart.
Let's see how it plays next week
Exciting Bullish Pattern Alert! 📈 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, and managing your risks appropriately.
Bullish Patern in Polycab IndiaPolycab 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 5333 it can show fresh highs. Do comment if you like Ichimoku analysis.
polycab - buy Buy around 5160
sl hourly close below 5140
easy tg - 5215
Disclaimer : This is my personal analysis for study purpose not intended for trading.
POLYCAB - Ichimoku Breakout 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 purpose and a helping hand to learn trading in Market.
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