Chart of Polycab India Limited is showing trend shift + support breakdown + momentum confirmation.

🔍 1️⃣ Big Structure Phase 1: Sideways → Mild Uptrend Gradual move upward Phase 2: Sharp Rally Spike till ~₹8700 👉 This is climax move (exhaustion) Phase 3: Sharp Reversal Big red candles 👉 Smart money exit 🧠 2️⃣ Key Technical Damage 🚩 1. Moving Average Breakdown Price below 20 EMA Below 50 EMA Near/Below 200 EMA 👉 Trend flipped bearish 🚩 2. Structure Breakdown Support ~₹6800 broken 👉 This is your red line zone 🚩 3. No Strong Bounce Weak candles after fall 👉 No demand 💥 3️⃣ What This Setup Is 👉 This is: Trend Reversal → Breakdown → Continuation 📉 4️⃣ Downside Projection First Leg: ₹6800 → ₹6000 Extended Move: ₹5800 zone 👉 Your arrow is perfectly aligned 🎯 ⚡ 5️⃣ Why Fall Can Accelerate High price stock → heavy unwinding Moving average breakdown → algo selling Retail trapped at top 📊 6️⃣ Trade Plan 🔴 Aggressive Entry Already triggered below ₹6800 🔵 Safe Entry Pullback to ₹6800–7000 🎯 Targets ₹6200 ₹6000 ₹5800 ❌ Stop Loss Above ₹7200