Polycab Futures – Multi-Timeframe Trade Setup📌 Summary & Trade Context
Element Status
Monthly Momentum Rebounding, bullish
Weekly Trend Breakout setup
Daily Confirmation Clean breakout, high RSI
Intraday Volume Rising, strong base
Entry (as per chart) ₹6170 -Not advise
Stop Loss (buffered) ₹6096
RR Setup Favorable (>2:1 if target is near 6300–6350)
✅ Multi-Timeframe Technical Outlook – POLYCAB Futures
Monthly Chart
- Trend: Still in a strong long-term uptrend after a clean pullback.
- Structure: Price recovering above moving averages (likely 10/20 EMA), bouncing off a long-term support.
- RSI: Turning upward, around 56.65, exiting bearish zone.
- Bias: ✅ Bullish reversal base forming.
Weekly Chart
- Trend: Sideways for a few weeks, but holding higher lows.
- Structure: Clear consolidation between 5893 and 6170, now breaking out of range.
- RSI: 76.34 – very strong.
- Bias: ✅ Momentum pickup underway, breaking past resistance zone.
Daily Chart
- Structure: Breakout from congestion zone (around 6060–6080).
- Momentum: RSI near 72+, stochastic crossover; volume confirms breakout.
- Buy/Sell Labels: System shows prior buy confirmation recently.
- Bias: ✅ Strong bullish momentum with volume support.
75-min & 125-min Charts
- Structure: Clean reversal and rising structure from bottom. Volume pickup evident.
- Entry Highlighted: 6170; SL ~6096 – risk is ~74 pts.
- Stochastic RSI: Above 70; confirming bullish momentum.
- Volume Profile: Demand zone clearly visible around 6030–6070.
- Bias: ✅ Favorable risk-reward, supported by strong structure.
30-min Chart
- Volume Profile: POC and high volume nodes shifting higher – bullish confirmation.
- VWAP / EMA bounce: Pullbacks getting bought near 9/20 EMA.
- Bias: ✅ Good follow-through above 6122–6170.
3-min Chart
- Micro-structure: Strong impulse from ORH (Opening Range High) with higher lows.
- Trend: Following 20 EMA trail with confirmation from RSI > 70.
- Bias: ✅ Trend intact. Micro-pullbacks being bought.
I am not SEBI registered analyst and I am recommending any buy or sell, this is just my idea. Your investment should be based on your risk and advise of certified financial planners.
