Polycab India has Given Trendline Breakout on 30th Aug’21

I am presenting another stock that has given a trendline breakout.

The stock is – Polycab India

Trendline Breakout at Price – Rs 1936/-

Closing Price on 30th August’ 21 – Rs 2033/-

Resistance Line Breakout –  Rs 2025/-

Initial Stop Loss – Rs 1906/- on a closing basis. However, SL can be trailed when stock moves up.

Initial Target –  Rs 2287/- (Keeping Risk Reward ratio 1:2)

Update on 6th September’21

Target Achieved – Rs 2326/- On 06/09/2021 ar 12:30PM(within 7 days)

Further trail the SL with Rs 221