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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 2024-03-13 View latest technical analysis

10 day averaged volume of Polycab India is 406135

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	4778.90	4835.15	4929.15	4730.25	1.559 times
12 Tue Mar 2024	4854.85	4933.90	4965.00	4835.00	0.65 times
11 Mon Mar 2024	4933.90	4910.00	4992.00	4885.20	1.336 times
07 Thu Mar 2024	4891.00	4880.00	4938.30	4863.05	0.666 times
06 Wed Mar 2024	4880.30	4930.95	4938.80	4805.00	1.19 times
05 Tue Mar 2024	4913.30	4791.95	4954.00	4752.00	1.81 times
04 Mon Mar 2024	4792.20	4777.00	4811.30	4730.95	1.028 times
02 Sat Mar 2024	4794.35	4805.00	4830.00	4771.20	0.106 times
01 Fri Mar 2024	4807.45	4780.00	4829.00	4751.10	0.902 times
29 Thu Feb 2024	4749.85	4709.10	4797.95	4663.30	1.55 times

My analysis of stock is bearish for shortterm, and stock might move down till 4696.2 or till 4593.7. Use a stoploss of 4781.6 and if the stock hits stoploss, then it can shoot up till 4866.99

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	3801.00
Downside Target	4236.00
Downside Target	4643.90
Upside Target	4830.00
Upside Target	4890.80
Upside Target	4954.00
Upside Target	4992.00
Upside Target	5226.10
Upside Target	5433.00
Upside Target	5530.45
Upside Target	5733.00

Intraday share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Intraday Target	4675.43
Downside Intraday Target	4571.97
Upside Intraday Target	4937.18
Upside Intraday Target	5095.47
Upside Intraday Target	4833.72

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	4778.90	4910.00	4992.00	4730.25	0.755 times
07 Thu Mar 2024	4891.00	4777.00	4954.00	4730.95	0.662 times
02 Sat Mar 2024	4794.35	4805.00	4867.60	4663.30	0.834 times
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

Price has moved down 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
13 Wed Mar 2024	4778.90	4780.00	4992.00	4730.25	0.272 times
29 Thu Feb 2024	4749.85	4350.00	4867.60	4236.00	0.257 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 Weak and stock is losing momentum.

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

Polycab India Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Polycab India in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 4842.91 and Polycab India (POLYCAB) stock is trading below this level. This means that stock is falling with high volumes. 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.