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(POLYCAB) Polycab India complete technical analysis [charts+indicators] | Buy/Sell Polycab India | (POLYCAB) share price targets

Complete technical analysis of Polycab India (POLYCAB) by charts plus indicators, forecast predictions and share price targets for Polycab India (POLYCAB)

Showing technical analysis as on 2024-02-23 View latest technical analysis

10 day averaged volume of Polycab India is 759537

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	4801.80	4739.00	4830.00	4721.10	0.667 times
22 Thu Feb 2024	4716.60	4731.85	4741.40	4652.35	0.561 times
21 Wed Feb 2024	4716.60	4759.90	4765.90	4685.10	0.867 times
20 Tue Feb 2024	4732.15	4776.95	4819.80	4696.35	0.968 times
19 Mon Feb 2024	4768.60	4709.95	4824.90	4643.90	1.481 times
16 Fri Feb 2024	4670.00	4650.00	4734.00	4515.10	2.576 times
15 Thu Feb 2024	4564.95	4361.35	4630.00	4340.65	1.332 times
14 Wed Feb 2024	4355.45	4300.00	4386.20	4278.00	0.344 times
13 Tue Feb 2024	4330.20	4340.00	4358.95	4290.00	0.511 times
12 Mon Feb 2024	4345.20	4309.00	4365.70	4286.15	1.003 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 4872.3, for a target of 4654.2 or 4472.45

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	3801.00
Downside Target	4050.00
Downside Target	4236.00
Downside Target	4430.00
Downside Target	4643.90
Upside Target	4830.00
Upside Target	4890.80
Upside Target	5226.10
Upside Target	5433.00
Upside Target	5493.65
Upside Target	5530.45
Upside Target	5733.00

Intraday share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Intraday Target	4687.13
Downside Intraday Target	4572.47
Upside Intraday Target	4873.23
Upside Intraday Target	4944.67
Downside Intraday Target	4758.57

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	4801.80	4709.95	4830.00	4643.90	0.788 times
16 Fri Feb 2024	4670.00	4309.00	4734.00	4278.00	2.162 times
09 Fri Feb 2024	4307.35	4370.00	4430.00	4250.00	0.608 times
02 Fri Feb 2024	4383.70	4384.95	4437.90	4236.00	0.669 times
25 Thu Jan 2024	4343.85	4450.00	4455.00	4050.00	0.346 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Polycab India (POLYCAB)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	4801.80	4350.00	4830.00	4236.00	0.211 times
31 Wed Jan 2024	4343.15	5500.00	5530.45	3801.00	5.621 times
29 Fri Dec 2023	5484.85	5344.00	5733.00	5226.10	0.625 times
30 Thu Nov 2023	5267.90	4922.10	5433.00	4890.80	1.254 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Polycab India (POLYCAB)

Price action analysis of Polycab India ( (POLYCAB) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Polycab India ( (POLYCAB) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Polycab India ( (POLYCAB) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Polycab India ( (POLYCAB) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Polycab India stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Polycab India in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Polycab India Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Polycab India in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Polycab India is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4632.5 and Polycab India (POLYCAB) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Polycab India (POLYCAB) stock. Volume based technical analysis of Polycab India (POLYCAB) stock is negative.

Polycab India Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.