Technical Check: 120% returns in 1 year! A range breakout on weekly charts can take Polycab India higher by over 20%
A range breakout on the weekly charts can push the Polycab India Ltd stock higher by about 20 per cent, suggest experts. This upside is despite over 120 per cent rally in this equipment in the last year compared to 21 per cent upside seen in the Nifty50 in the same period
Electric equipment producer which is also in India’s top 200 firms has a market capitalization of more than Rs 40,000 cr hit a fresh 52-week high of Rs 2770 on 18 January 2022. Source: NSE Website