This analysis is intended solely for educational purposes and does not constitute financial advice.
Polycab is showing gradual bullish momentum, supported by a trendline reversal and trading above a key support level. The stock is currently in a minor consolidation phase, which may signal accumulation before a potential breakout.
Given the technical setup, there's a high probability of continued upward movement. However, to manage risk effectively, it's essential to use a stop-loss strategy.
Polycab is showing gradual bullish momentum, supported by a trendline reversal and trading above a key support level. The stock is currently in a minor consolidation phase, which may signal accumulation before a potential breakout.
Given the technical setup, there's a high probability of continued upward movement. However, to manage risk effectively, it's essential to use a stop-loss strategy.
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