NSE:POLYMED
Watch Out Zone - 1600(Above this level can expect strong move)
Target Zone in My View - 2000+
Poly Medicure Limited is an India-based manufacturer and exporter of medical devices. The Company exports plastic medical disposables/surgical devices
A Bullish Breakout of Flag and Pole pattern is visible on the Weekly chart of NSE:POLYMED
MACD already gave Positive crossover on Daily and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
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Risk...
Despite the all-time high of earnings & profits, POLYMED is sitting like a tiger waiting to pounce. RSI has touched baseline, and the candle pattern has also touched the previous resistance, which can be the new support. Please opine if I am right.
📌SWING TRADE FOR NEXT WEEK🚀
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📌I post daily SWING CHARTS analysis on my trading view profile..
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📌TRADE ANALYSIS OF POLYMED :-
•Breakout of Darvasbox on DTF with strong candle
•Break major Resistance
•Volume increases last few day high
•Bullish trend/ make good structure...
A clear breakout has been seen in Poly medicure. But as we can see it's already given 15 % move within two trading days. So, we have to wait and see if it is sustaining above the resistance level, if it does then we are ready to go.
Fundamentals Analys.
If we talk about the fundamentals, this stock has covered good profit growth of 20.5% CAGR over last 5...
#POLYMED trading above Resistance of 1405
Next Resistance is at 1782
Support is at 951
Here is previous chart:
Chart is 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....
1. Excellent Chart formation. Making Higher highs and Higher Lows.
2. Breakout after 2 years consolidation.
3. Resistance turned into support.
4. Stop below 1075 DCB (daily closing basis)
5. Target about 1500 which turns out to be 1:4 Risk Reward.
Not a recommendation.
NSE:POLYMED
✅ #POLYMED trading above Resistance of 1405
✅ Next Resistance is at 1782
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....
NSE:POLYMED
✅ #POLYMED trading above Resistance of 1168
✅ Next Resistance is at 1405
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...
Poly Medicure Limited is an India-based manufacturer and top exporter of plastic medical disposables/ surgical Items with a portfolio of over 130 SKUs of disposable medical devices across 9 different product verticals.
Distribution Network
The company has a pan-India distribution network with over 260 distributors. It has reach to over 5,000 private and...
DISCLAIMER
Our video is intended only to provide general and preliminary information to traders/investor and shall not be considered as any investment decision. Do your own analysis, This is not a buy or sell tip. This is just for educational purpose only. And I'm not responsible for your Profit or loss as I'm not a SEBI registered financial advisor.
This is only for education purpose only. I am not SEBI register. This equity scrip is subject to market risk. Please check your own analysis before you take a trade.
