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.

İşlem aktif

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.

Not

Plan B is working good, Holding it tight.

Not

How many catch that opportunity ?

Not

Shifted SL to safe guard the profit. Risk free + surety of closing only in profit.

İşlem kapandı: hedefe ulaştı

Closed with 1: 5 Risk Reward ... Target achieved.

KingDoxa_trades

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

KingDoxa_trades