Buy Polycab India Ltd For Target Rs.2030 by Jainam Share Consultants
Polycab India Ltd
Buy Polycab India Ltd CMP 7800.00 Buy Price 7800.00 Target 8358.00 Stop loss 7450.00 Holding Periond 1 Month
* The stock price trading at Rs. 7800 on 02nd JAN,2026.
* Currently the stock has given bullish chart pattern formation which resemble as Cup & Handle pattern breakout on daily chart.
* At this point, the price is trading above 10, 20 & 200 EMA, which indicates a continuation of bullish momentum. Additionally, the momentum indicator RSI is also in Bullish zone, above the 60 level, suggesting strengthening positive sentiment in the stock.
* We expect the stock price to continue its current bullish momentum and head towards 8300 - 8358 levels considering the current price action.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
