Polyplex Corporation Ltd is an Indian multinational company which produces biaxially oriented polyester (BoPET) film for packaging, electrical and various industrial applications. The company is a major exporter of PET film to the United States, Europe, Southeast Asia, South America and Australia. The key product line of Polyplex continues to be its Sarafil range...
Highest Increase By FIIs this quater Bottoming RSI Reversal with volume Low risk high reward Sl 970 (5%) CMP 1026.3 Target 1600 approx 56% holding period 3-6 months
After downturn in the most of the packaging sector, looks like the selling is over. Check Uflex, EPL etc Break out of a rectangle, retracing. Accumulate slowly like a SIP. Exit at 1020-1000. Dividend Stock. No targets, if it moves up then move the stop loss up and let it ride.
Polyplex double bottom player with bullish rsi divergence can look for 1370-1380 in coming days with stop of 1090 on daily closing basis dc : only for educational purpose
Weekly (CMP: INR 1210) -Stocks has given a downfall of 61% from All Time Highs -Currently, the stock is moving in a channel -Made Double Bottom along with Shortening of Thrust as per Wykoff -RSI is showing Bullish divergence -There is Fibo Support of 78.6 levels -Target would be 1500 levels with SL 1100 Note: The above analysis is for educational purpose.
This analysis aims to provide a detailed assessment of POLYPLEX's daily chart, focusing on its technical indicators, including the support level, harmonic pattern, and RSI divergence. Based on this analysis, a potential trade strategy is proposed to take advantage of the identified patterns and signals. Technical Analysis: Examining POLYPLEX's daily chart...
Looks like possible formation of double bottom on weekly basis. Observe the chart near the end of trading session on Friday 1st Sept 23. Do check other indicators and apply your own study before taking entry.
Check the chart The trend positive few days 5% and shot term 25% Note : I am not SEBI registered and all Ideas posted by me are for Educational Purpose. Thanks & Regards, RK
Polyplex has seen 66% retracement of rise from march 2020 bottom & after that we saw 1st 5 waves rise from 1100 to 1630 which has also done almost 66% retracement now todats move looks like reversal candle & it can touch 1900+ levels view invalidates below 1275. Not a SEBI registered analyst chart shared for education puprose only
Clean 5 wave rise from 1101 Subsequent fall stopped at 66% Today's Price action indicating strong reversal On the upside 1490-1520 will be important range to cross Lets see how this develops
Breakout in POLYPLEX one can place stoploss at 1445 for long-term & short term position
Buy for 1490 Target with 100 SL OPackaging stocks have been hammered a lot... with minor Debt Equity ration and good dividend yield results will be better
poly plex try to move upward direction as per current trend this stock very quickly reach the first target of1846.35
POLYPLEX trading in a channel. Took support and moving towords the resistance. THIS IS FOR EDUCATIONAL PURPOSE NOT AN RECOMMEDATION
Strong Demand Zone for Polyplex at 1677/- , Bearish Momentum is still strong but personally this demand zone look like capable enough .
Very early to predict for upside but great company and management nd fundamental give confidence to go long so buy mey be we have to take one more entry
> POLYPLEX > After the fall the stock is forming double bottom > Keep an eye for breakout > At good weekly demand zone
VERDICT POLYPLEX Retracing from Long Term Support Fundamentals Very Strong , Big Rumors Indicators Bullish T1 1805 T2 1925 SL 1700 Only For Study Purpose