POLYCAB

Polycab Is looking Good Despite new entrants

b India Ltd. has shown a strong bullish breakout on the daily chart after a prolonged downtrend. The stock has closed above its 21-day EMA (₹5,217), signaling a positive shift in momentum. A rounded bottom pattern seems to be forming, with today's strong green candle (+2.24%) indicating renewed buying interest. The price action is now showing early signs of a trend reversal with higher highs and higher lows. Volume has started picking up, and the stock is nearing a key resistance zone around ₹5,550–₹5,600. A decisive move above this level could push the stock toward ₹6,000 in the near term. However, any dip below ₹5,250 might weaken this setup, so a sustained move above the current breakout zone will be crucial for further upside.