it seems wave 5 ended .polycab alert . correction can go till 2160 .
Fundamentally strong & No supply or not impacting for broader market condition. Technically shows very strong uptrend, value is pausing now. CMP is low risk and high reward opportunity for investment. . . . . . . . . View are educational purpose not buy/sell advice.
FSP - 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.
Script Name : POLYCAB CMP : 2348 SUPPORT : 2260 , 2180 , 2075 RESISTANCE : 2380 Correction : In One hour completed , expecting entering into 3 hour or 4 hour Description if stock Unable to break 2380 and Fall to previous low of 2090 then stock seems to enter in 4 hour correction which means prices target for this will be 1950
Polycab Breakout, with good volume , we may see further upside move after consolidation.
Good morning friends, kindly watch video for full details level is 1690 if sustain above it will give good move it is only our opinion only we are not giving any recommendation or tip. Regards.
Can show mad run once it breaks this line decisively. Same move was seen in IEX.
This analysis is purely based on Price action & Chart Patterns The analysis is done on Daily TF hence it may take the price couple of days to weeks in order to reach the targets. Trade Strategy is given in image itself. Keep Trailing SL accordingly once into the trade. Do not Chase the stock price if it gives gap up opening or so. Trade on your own risk...
POSITIONAL: Good BUY CMP 876 Tgt 920-930 SL-833
Short Term Cash Buy POLYCAB @842.00-845 SL 814 TGT 900 Above VWAP + TK cross over + MACD cross over go LONG.
Very nice setup for a market leader company am looking for new high in this stock soon. Good luck