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POLYCAB INDIA LTDPOLYCAB INDIA LTDPOLYCAB INDIA LTD

POLYCAB INDIA LTD

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POLYCAB trade ideas

Polycab - BulllishPolycab is going to touch all time high.. Although the stock is bullish.. we need to wait for a retracement up to 7100-7050 levels to enter. Short term traders can wait for a target of 8245, 8425 levels Strict stop loss near 6920 Long term investors can accumulate in every dip and wait for the targets of 9,473 and 9,735 levels 5927 level is the best lower support for this stock. if this price comes anytime in future due to market fall.. we can go all IN to make huge profits This idea is only education purpose and not for serious investing or trading. kindly consult your financial advisor before taking any financial decision
NSE:POLYCABLong
by haresh2408
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
POLYCAB S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:POLYCAB
by zenthosh
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