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Polycab India Ltd.

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POLYCAB INDIA SHORT SELLTrade Idea : Polycab India Ltd (NSE: POLYCAB) SHORT SIDE Current Price : ₹6,740 Resistance Zone: ₹6,800 – ₹6,875 Bias : Short (Sell) below resistance Rationale Polycab India Ltd is currently facing strong resistance in the ₹6,800–₹6,875 zone. The price has attempted to break above this area but failed to sustain, indicating potential exhaustion of bullish momentum. Unless there is a weekly closing above ₹6,850, the setup favors a short position targeting a pullback. Trade Plan Entry: Near ₹6,800–₹6,875 resistance zone or red zone Stop Loss: Above ₹6,875 (weekly close above ₹6,850 invalidates the setup) Target: ₹6,250–₹6,260 zone Risk-Reward: Favorable, with a clear invalidation point and defined downside target Chart Observations Price action shows repeated rejection in the marked supply zone. Volume analysis supports the likelihood of a reversal. The projected path anticipates a move down to the ₹6,250 area, as highlighted on the chart. Disclaimer This analysis is for educational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Trading and investing in the stock market involves risk. Please do your own research or consult a qualified financial advisor before making any trading decisions. The author is not responsible for any losses incurred as a result of following this analysis.
NSE:POLYCABShort
by radHE_Capstone
Polycab India Ltd- Potential TargetsNSE:POLYCAB Polycab India Ltd.,is retraced to 41% from its recent higher highs of 7794.95 and innear its buy zone. Script is below its all moving averages 10...200 days EMA. Elliot wave analysis also supports to the idea of potentail buying interest as 8 wave cycle is completed at 4636.45 On daily chart Bullish Shark pattern is visible . Current market price is, at its Potential Price Reversal Zone (PRZ), and price trend reversal can unfold in coming days. It can be rewarding bet for aggressive traders with risk to profit of 1:3. Entry at: 4918 Stoploss: 4236 Target-1: 5827 Target-2: 7605 ✅ For More Such Trading Idea stream Like this, Share and Follow, MY IDEA STREAM ✅
NSE:POLYCABLong
by DrPrashantVerma
2
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
1
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