All Time High Breakout ImpendingAs you can see, NSE:POLYCAB is trading near its all time high . It's good candidate for swing trading.
RSI (9) is also rising and technically one can enter the trade at breakout and retest of the resistance zone.
Hello Trader. If you like the idea, do not forget to support with a like and follow.
Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst . Trade on your own conviction and please consult your advisor before investing .
POLYCAB trade ideas
Polycab looks good cmp 2685
trgt 5-10-20%
sl small black spot
Disclaimer:
All information shared is just for educational purposes.
By no means shall we be accountable for any debits/losses amounting out of it.
We are not SEBI registered Analysts, so please consult your Investment Advisor and take rational decisions.
BREAKOUT in POLYCABBreakout in POLYCAB in Daily and weekly timeframe and looks like a flag pattern. There was a fake breakout about 10 days back. This breakout has a strong bullish candle and hope it gives a good move.
DISCLAIMER: The ideas are only for educational purposes and not buy/sell recommendation. I am NOT SEBI registered.
POLYCAB LTD. - Strong triple bottom formation on its wayFSP - POLYCAB LTD.
positive - a strong triple bottom formation on the way, wait till it bounces off, once take support it will rise back or even give a breakout.
negative - if it breaks support it will dip to the bottom support or create a new support below the current one.