POLYCAB trade ideas
POLYCAB - Ascending Triangle - Swing TradeThis 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 and money management.
Feel Free to comment for any query or suggestions
A good Stock for long time bet. The Leading cable manufacturing company. A long story has to be happen. it have the capability to become a multibagger.
POLYCAB BREAKOUTIn a strong momentum..MACD supporting it.
Long bullish candles.
PLEASE SEE CHART FOR FURTHER DETAILS.
TARGET 1 : 965
TARGET 1 : 1000
STOP LOSS : 850
**These are my personal observations. Please trade at your own risk.**
R-0123 Bullish chart on POLYCAB INDIAShort Term Cash Buy POLYCAB @842.00-845 SL 814 TGT 900
Above VWAP + TK cross over + MACD cross over go LONG.
Polycab looks good for buyVery nice setup for a market leader company am looking for new high in this stock soon. Good luck
Polycab Wires :- Entering into high growth trajectoryStock Headed for Target of 737 - 785 levels with Stop Loss at 650
