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Polycab India is approaching a key breakout zone after a healthy pullback and is showing signs of regaining bullish momentum above the 20-day moving average. The ₹9,150–₹9,200 zone is acting as a crucial resistance, and a sustained close above this level with strong volume could trigger fresh buying interest. Traders may consider an entry above ₹9,200 with a stop-loss at ₹8,900. If the breakout is confirmed, the stock has the potential to rally towards ₹10,150, offering an attractive risk-to-reward ratio of nearly 1:3. Wait for breakout confirmation and avoid entering if the price fails to sustain above the breakout level.
