SWING IDEA - POLY MEDICUREPoly Medicure , a leading Indian medical devices manufacturer with a strong global footprint, is currently offering a favorable swing trading setup backed by strong technical confluence.
Reasons are listed below :
1,950 zone acting as a strong support base
Bullish engulfing candle on the weekly timeframe, signaling reversal strength
Marubozu candle on the daily chart, supported by strong volumes
Golden Fibonacci retracement zone providing support in the larger trend
Price comfortably above the 200 EMA, showing long-term trend strength
Target - 2320 // 2605 // 2935
Stoploss - weekly close below 1815
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