POLYCAB INDIA

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POLYCAB INDIAPolycab India Ltd.NSE:POLYCABpradyammmPOLYCAB – Updated Trade Setup Breakout + Add on Dip Strategy Primary Entry (Breakout) ✅ Entry: 8722 Logic: Breakout above monthly demand upper boundary. Confirms strength from the long-term demand zone. Indicates buyers are taking control. Add-On Strategy Daily Demand / DMIP Accumulation Zone ✅ Add on Dip: 8163 – 7897 Reason: Daily demand + weekly demand overlap. Strong institutional buying area. Provides better risk-reward if breakout retests support. Risk Management ParameterLevel Breakout Entry8722 Add Zone8163 – 7897 Major Support7897 Monthly Invalidation6663 Target Projection TargetView 9500First momentum target 10,000Psychological level 10,500–11,000Positional upside zone POLYCAB Final View Strategy: Breakout + Accumulation ✅ Buy above 8722 confirms strength ✅ Add on correction into 8163–7897 demand ✅ Monthly demand structure supports long-term bullish view Setup Rating: 9/10 Trading Rule: ➡️ Do not chase extended moves after breakout ➡️ Use daily demand 8163–7897 as accumulation opportunity ➡️ Trail stop once price sustains above breakout level.