Overview POLYCAB has completed a textbook three-phase technical sequence on the Daily chart — a long-term Rectangle base, followed by a powerful breakout rally, and now a Rising Wedge breakdown that appears to be unfolding in real time. Phase 1 — Rectangle Base (May 2024 to October 2025) For approximately 17 months, POLYCAB consolidated inside a well-defined Rectangle pattern between roughly ₹4,500 and ₹7,700. Price tested both boundaries multiple times — classic accumulation behaviour with neit