Polycab India Ltd (Polycab) : Cup and handle and breakout

2022년 4월 21일

After forming a cup and handle pattern, the stock price is setup nicely at the buy zone above the breakout level of 2730.

Medium term target of 3276.

Trigger SL if price breaks down below 2543.

Not a buy/sell recommendation

2022년 4월 22일

거래청산: 스탑 닿음

SL Triggered. Will wait and watch.

2022년 4월 22일

노트

Today's price action showed why stop loss is very important in any trade position one is getting into. Important is to preserve one's capital at all cost.