Polycab India – Breakout Watch
POLYCAB
Important Levels:
Support: 6,800 – 6,600
Resistance: 7,300 – 7,600
Structure: Consolidation near highs
Business:
Market leader in cables and wires
Beneficiary of capex, infrastructure and housing growth
Expanding FMEG business
Earnings:
Strong revenue growth
Margin stability improving
Long-term infrastructure tailwind
Verdict:
👉 Strong business + technical setup
👉 Watch for breakout confirmation
#IndexStrategies
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