Polycab India Short Term Trade
Level around 6886 has been a strong resistance since three months,
During this period the stock has also exhibited higher lows (purple trendline in chart)
In the last week the volume has steadily risen, preparing for breakout, and now breakout has occured, ATR also rose on breakout, as a confirmation
The yellow horizontal lines show immediate resistance and support
Thus, for a short term trade,
tgt 7294.5, sl 6851
During this period the stock has also exhibited higher lows (purple trendline in chart)
In the last week the volume has steadily risen, preparing for breakout, and now breakout has occured, ATR also rose on breakout, as a confirmation
The yellow horizontal lines show immediate resistance and support
Thus, for a short term trade,
tgt 7294.5, sl 6851
Trade fermée: cible de profit atteinte
target reached
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