POLYCAB | VGM + Relative Strength Setup

[nishshkumarjaani@gmail.com]

POLYCAB | VGM + Relative Strength Setup

continues to strengthen both fundamentally and technically. With leadership across house wires, industrial cables, optical fiber, LED lighting, switchgear (MCBs, RCCBs) and home automation, the stock is now flashing a high-quality VGM setup.

VGM Technical Highlights

Relative Strength fulfilling all VGM conditions

Bullish MAST with rising MA
Last 2 columns’ lows above MA → strong structural strength
PCR triggered → first entry signal
DBS defined as risk-managed exit

Super Pattern on Point & Figure
Two active vertical counts (cluster) pointing towards 12820

With price around 7900, the setup offers a favorable risk–reward profile if strength sustains.

Traders and investors can keep the stock on their radar and trade strictly as per their own system and risk management.

Nishesh Jani,CFTe

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