POLYCAB READY TO BREAK BOXPOLYCAB created box pattern. If box breakout then more upside possible.
Above 3520 good for entry.
Clear ichimoku level suggesting another few points up rally.
Candle and volume also showing strength for breakout.
POLYCAB trade ideas
POLYCAB - Long Setup, Move is ON..NSE:POLYCAB
✅ #POLYCAB trading above Resistance of 3350
✅ Next Resistance is at 4163
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
POLYCAB - Ichimoku Bullish 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 3400
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
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Polycab - At crucial levelThe stock has reached the breakout level according to the setup shown on the chart. May test 3250-3260 once. If does not sustain above, may come down to 2970/2850. All levels are indicated on the charts.
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
POLYCAB INDIA TARGET 3806POLYCAB India weekly raising wedge breakout with bullish closing and all-time high breakout.Target 3806
Polycab Looks Good Again !Polycab : Cmp : 2545
A double bottom kind of pattern has been formed in the daily chart.
Closing above the previous high.
MFI trending up.
Accumulation zone: 2480-2520
Profit booking zone maybe 2626 - 2749
SL 2460 Dclbs /According to your risk appetite.
Positionally can move 3000+
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally
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[Positional] Polycab Short IdeaShorting Polycab. Betting on a retest.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Polycab Polycab on weekly timeframe has been moving into this rising channel and is also forming an inverted h&s pattern, the breakout for which is visible (considering the weekly closing) will sustain above neckline. It looks very bullish
POLYCAB GIVEN GOOD CLOSINGPolycab given strong closing
trading at ATH and above 20 ema
keep on radar for good upmove
educational idea only
POLYCAB F&P BREAKOUTPolycab breaking out from F&P
trading above 20 ema
target can be 3100+
educational idea only
polycab daily analysis studyPolycab is a super bullish stock but at the end enening star is appear today so its a sell for me with the stoploss of highest point and the target is =ABC= pattern
POLYCAB - Swing Trade || 10th April, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for the 10th April, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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Trend line brokeWhen a trendline is broken, it means that the price has moved beyond that level, which can be an indication of a potential change in the market trend.
Shorting opportunity in POLYCAB Trading in the rising channel from September 2021 and currently facing resistance in from the upper channel.
Recently delivered returns as per double bottom pattern so i believe it will show some correction soon.
Short position can be opened with the target of 2850 price, while stop-loss should be considered as breaching the upper channel on the closing basis.
Please do your own research before making any decision.
Polycab Trend Line Breakdown!Polycab Break Their Short Term Trendline Support, Next Important Support Zone Near ~ 2708 And Weak RSI Indicating Weakness Continue Upcoming Sessions. Sell Polycab ~ 2946, 2965, With Stop ~ 3010, Target ~ 2750, 2700 Expected Target March Expiry.
Short set up on dailyShort trade se on daily TF, Idea & level mention on chart. Study / Analysis based on ElliotWave.
POLYCABPOLYCAB:- Stock has also given breakout by forming cup and handle, keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
POLYCAB 1DReversal Pattern from Supply
Entry, Stoploss & Target already mentioned on Charts.
Trade as per your own RISK
Wish you Happy & safe Trading.
Please Note:
I am not SEBI registered analyst.
My studies are for educational purpose only.
Please consult your financial advisor before Trading or Investing.
I'm not responsible for any kinds of your Profits & Losses.
polycab is on high and on resistance POLYCAB IS on resistance
On resistance a stock make a doji
After that there is a bearish candle
Formation now stock is consoilidate
second there was a divergence in RSI
stock is on top without volume
keep an eye cmp 3000
Trend line + FlagPrice went from 570 to 2600 in 18 months and is now consolidating in the range of 2100 to 2800 forming a flag pattern. It is also forming a trend as shown in the chart. Joining both of them makes a triangle. In summary, the price is at a breakout level.
Short PolycabPolycab has gone down even after good results for the last 4 times. It is already at all time high and at a resistance level. With the current market downtrend expecting the share to drop.
Short Polycab 3000PE with stoploss at 3100 and target of 2800.
