#POLYCAB looks good for 30% medium term returns!

25 thg 10, 2020

POLYCAB
Structure looks quite appealing.

- Break above long term down trendline after bouncing back from 200 EMA and halting.
- Volume has zoomed 6x above average indicating commitment in the breakout success.
- Immediate resistance stands at 930-950 region, above which price may fly on to test the ATH region which will be a decent 30% up move from here.

** Entry can be made immediately or upon retest of the down trendline.

Disclaimer: This is just for educational purpose. Investment/Trading carries its own risk of permanent capital erosion and mental drawdown as well. Do consult your financial advisor before getting into any positions.

P.S - Likes will be appreciated as well as your insights in the comment section as well. Thank you.

27 thg 10, 2020

Giao dịch đang hoạt động

Up 10% and first target hit!

14 thg 11, 2020

Ghi chú

Added more as it is consolidation quite well near resistance zone with very low volume. Trailed SL to capture at least 5% GAIN.
We may witness a good further breakout in the coming sessions.

11 thg 12, 2020

Giao dịch đang hoạt động

Added a few more shares. Will add more if it'll pullback to it's previous demand area which is also a psychological region of 980-1000.

5 thg 1, 2021

Đóng lệnh: đạt mục tiêu

30% Gross Returns booked :)