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POLYCAB

Polycab India Ltd. - Short Position SetupAnalysis for Short Position Condition: 1.Key Breakdown Level: ₹7,282 is a critical horizontal support level. A decisive breakdown below this level could trigger a bearish move. 2.Volume Profile Analysis: Below ₹7,282, the volume profile shows limited buying interest until ₹6,997, suggesting a potential drop to this level. Further weakness could see the stock test ₹6,746, where significant buying activity has previously occurred. 3.Trendline Breakdown: The stock is trading within an ascending channel. A breakdown below ₹7,282 will confirm the failure of this channel, indicating a trend reversal. 4.Moving Averages: The 20-day EMA is currently acting as dynamic support near ₹7,282. A breakdown will likely push the stock toward the 50-day EMA around ₹6,997. The 200-day EMA near ₹6,746 is a long-term support level to monitor. 5.RSI (Relative Strength Index): RSI is neutral but could head toward oversold levels if the breakdown occurs, strengthening the bearish view. 6.Volume Confirmation: Watch for an increase in sell-side volume during the breakdown for confirmation. Trade Plan for Short Positions: Entry Trigger: Below ₹7,282. Targets: Target 1: ₹6,997 Target 2: ₹6,746 Stop Loss: Above ₹7,438 (previous high near resistance). Risk-Reward Ratio: Ensure an ideal ratio of at least 1:2 for the trade. Alternate Scenario: If ₹7,282 holds and the stock bounces, the immediate upside resistance is ₹7,654, above which the stock may resume its bullish trend.
NSE:POLYCABShort
by AngshumanSaikia
Keep An Eye - Gap Fill - POLYCAB📊 Script: POLYCAB 📊 Sector: Cables 📊 Industry: Cables - Power Key highlights: 💡⚡ 📈 Keep an Eye on Stock There was a gap down on 28th June we may see Gap Fill. GAP RANGE - 6777 TO 6990 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:POLYCABLong
by radha_23
Few lessons that we can learn from the ongoing Polycab saga. Few Lessons to be learned from the recent saga of IT Raid on a company. On the onset let me clarify that we do not have absolute clarity of what has transpired so far and what will transpire between IT department and Polycab. We are not blaming the management nor saying tha it is innocent. We are just trying to summarize if we can and take home some lessons from what happened and implement them in our journey. Some points that come to my mind are as under: 1) We have seen such things happen to major companies in past. 9 out of 10 cases the company is able to give proper explanation to authorities and case gets resolves amicably or through law and the company continues to thrive. only in few cases such action destroys a company but important thing for us is to never over expose your portfolio to one particular stock. One mistake is enough to destroy your capital and hard work. You might have earned a lot of money from other stocks but over exposure to one particular stock can wipe out the entire profit. Age old saying of not keeping all your eggs in one basket always helps. 2) Always keep a track of what the company in which you have invested is doing. If it is growing too fast compared to peers what is it that the management is doing right. If is a laggard what is it that is keeping the company that way and hampering the performance. There are lot of competitors of Polycab why was it growing faster than Bajaj Electricals or KEI or Havells could have been our question. Again I am not indicating that all companies will/should move at the same pace but do question yourself and analyze if something extraordinary is happening in either direction. 3) Technically when 50 days EMA (Mother Line is Broken) the investor could have or should have booked profit/loss in such cases or at least decrease their exposure. If 200 EMA (Father line is broken) further reduction in exposure should have been/could have been done. Usually a lot of people use a closing below 21SMA for booking profit. In this particular case the stock fell so rapidly that there was probably no chance to sell at 21SMA so exit could have been taken at 50 EMA. If the dust settles and you feel the management is coming out clean wait for the stock to give a proper closing plus follow up candle above 50 or 200 EMA to take reentry. Also Volume should be looked at when such breakout happens. 4) Do not trust any management or influencer or analyst blindly (Including us). Do your own research before investing in any share. In my upcoming book The Happy Candles Way I am going to explain in depth how Techno-Funda investing is done but the book is yet to be released. This particular share may or may not bounce back that is not the point. The point of discussion in this particular article is not what is going to happen to POLYCAB, point of discussion is how to protect a) your Profit and b) your capital. Disclaimer: Investment in stocks and mutual funds is subject to market risks, please consult your investment advisor before taking financial decisions. The data provided above is for the purpose of analysis and is purely educational in nature. The names of the stocks given in the above article and chart of the company is only for analysis. Purpose of this article is educational. Please do not consider this as a recommendation of any sorts.
NSE:POLYCAB
by Happy_Candles_Investment
1
POLYCAB!! MAJOR TRENDS!Polycab is a great stock with a good fundamentals. i have drawn the major trends supporting from its IPO time and from corona's crash. from past 14-15 months the stock is following the same channel, and has given about no returns. since it has a good fundamentals and the sales are growing nicely, i see a good upside movement. but on the flip side, this channel is acting like a consolidation part after the movement given after 2020 crash. this also says the strength of the stock, which is preventing the stock to fall. after 20th June, it has kept on rising, and recently it gave a pullback. but its a good stock to now buy, since it is landed on a good trend line, and will now rise further on. in the couple of months, i see a good upside movement on this stock. the large blue line which i have drawn is just a speculating line, if possibly the stock gets a good movement, it could go on further rising to that line.
NSE:POLYCABLong
by raghavchoudhary2016