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

٢١ أبريل ٢٠٢٢

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

٢٢ أبريل ٢٠٢٢

أغلقت الصفقة: تم الوصول لوقف الخسارة

SL Triggered. Will wait and watch.

٢٢ أبريل ٢٠٢٢

ملاحظة

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.