RoC_Momentum

Polycab consolidating at breakout area

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RoC_Momentum Обновлено   
NSE:POLYCAB   POLYCAB INDIA LTD
Polycab is consolidating at breakout area
buy above 2550.

On 15 mins chart, last couple of days, stock is above 2550. we can see positive movement.
Комментарий:
Happy to see breakout level act as resistance.. that proves, when it breaks it will be good breakout
Комментарий:
Momentum resistance acted very well. lets wait for breakout
Комментарий:
Looks like stock is stuck at breakout level.
Cup is formed, let see when handle is formed with 2800 as target.
Комментарий:
another example why breakout play an important role. we will wait for breakout level
Комментарий:
made position in Polycab at 2470 post breakout. let see, this stock will give 5% return
Комментарий:
Still holding.
another observation is stock is making higher high ... that gives me confidence..
I will book profit at 5%

Please do comments and confirm - are you taking taking trade of shared graphs.
Комментарий:
still holding an waiting for 5% return. not expecting mush return as even brokerage report expect return in range of 2800-3000
Комментарий:
still holding , will book profit a I need cash to build new positions
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