POLYCAB - Weekly chart represent the strength of the stock.
- On Weekly, stock above all major EMA validating its strength.
- Nice Weekly demand zone is available around 7K which showed its strength of breakout.
- Price currently returned to re-test breakout area.
- On Daily, Price below EMA20 and near to EMA50 represent the pullback not a seller dominance.
- Two major trendline support is also available to hold or return the price.
- Two probable setups available as shown in chart.
NB: Not a Registered Advisor. Many time I failed with my setups. Do take advise from your financial advisor prior trade. Here I am just sharing my views to community, not advising to anybody for buy or sell.
Trade ativo
Price exactly follows our assumptions, reach to marked weekly area as per "B" and shown clear reaction on daily chart. Made it more hopeful now.
Nota
Plan B is working good, Holding it tight.Nota
How many catch that opportunity ?Nota
Shifted SL to safe guard the profit. Risk free + surety of closing only in profit.Trade fechado: objetivo atingido
Closed with 1: 5 Risk Reward ... Target achieved.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.