POLYPLEX trade ideas
Could it be final move in Polyplex, before next BIG one!?NSE:POLYPLEX is Bullish in long term. Watch out for Rs1650 level rejection. The 1600-1700 level can act as resistance so if a decent correction takes place. this stock can be added for next BIG moves.
Short term target: Rs1600
Simplest Trading MethodStock formed a range marked by yellow box.
There is a breakout with volumes after consolidation
Stock should be near all time high.
No indicator, Pattern, Fibonacci numbers, crossovers etc. Required.
Find stocks at or near all time high, Mark the range, enter on breakout. Simple!
Larger time frame view.
FY21-22 Swing Trade Idea #11 : Long on POLYPLEX This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
POLYPLEX 9mth clean Breakout w/volPolyplex made a base on base.
Consolidated on low volume for 8 sessions before BO. (which confirms the BO)
The entire sector moved in the last week.
Hopefully the momentum will continue this week as well.
SL: Below the BO candle.
TGT: Don't sell until it breaks Hourly 20MA.
Polyplex has broken out big time after forming a bullish saucer Stock can be bought for the medium term. Immediate resistance 934, medium-term levels 1187 and 1295. stop-loss can be placed below 840
► Advance Pattern #4: POLYPLEX ◄► ADVANCE PATTERN #4 ◄
📌 Levels are mentioned on chart for ❝Swing trading❞. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
☆ Please check the description section ⌨ for early entry level in given stock ₪ to get better Risk to Reward (☈☈) ratio.
☆ Kindly like & share ➥ this pattern. Comment ⎚ with what do you think. Follow me @ tradingview for more updates and like the chart ❤!!!
Entry: ▲ 740
SL: ☢ 700
Target: ➚ 820
RR: ☈ 1:2
☆ Thank you. Happy Trading!!!
Best Regards,
𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧
𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮.
✮ Disclaimer ✮
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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PolyplexSome super accumulation going on here over months and RSI is pretty low. MACD on weekly and daily is slowly turning positive and a trading opportunity possible over 730 for long. Its a wait and watch and on radar for now.
NSE:POLYPLEXDISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
POLYPLEX> 200 % prior uptrend.
50 MA undercut & rally
Formed a CUP base.
Pocket pivot on 16/10/2020.
Also a wyckoff's spring
polyplex flag formationBullish flag formation in polyplex with MACD line crossing over Signal line. It's a buy call from me, with a short term target of 800 and a long term target of 1000. you can put an SL at the support that is 644.
