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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 2024-03-19 View latest technical analysis

10 day averaged volume of Polycab India is 450454

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	4680.25	4810.00	4819.40	4670.55	0.606 times
18 Mon Mar 2024	4795.40	4885.00	4915.00	4778.00	0.963 times
15 Fri Mar 2024	4894.50	4860.05	4918.05	4775.00	0.767 times
14 Thu Mar 2024	4890.15	4760.00	4927.95	4752.40	0.841 times
13 Wed Mar 2024	4778.90	4835.15	4929.15	4730.25	1.406 times
12 Tue Mar 2024	4854.85	4933.90	4965.00	4835.00	0.586 times
11 Mon Mar 2024	4933.90	4910.00	4992.00	4885.20	1.204 times
07 Thu Mar 2024	4891.00	4880.00	4938.30	4863.05	0.6 times
06 Wed Mar 2024	4880.30	4930.95	4938.80	4805.00	1.073 times
05 Tue Mar 2024	4913.30	4791.95	4954.00	4752.00	1.632 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 4648.4, for a target of 4735.3 or 4807.83

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	4915.00
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	4595.53
Downside Intraday Target	4510.82
Upside Intraday Target	4839.98
Upside Intraday Target	4999.72
Upside Intraday Target	4755.27

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	4680.25	4885.00	4915.00	4670.55	0.326 times
15 Fri Mar 2024	4894.50	4910.00	4992.00	4730.25	1.135 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

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
19 Tue Mar 2024	4680.25	4780.00	4992.00	4670.55	0.375 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 down 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 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.

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 SELL. Signal strength is Strong and stock is gaining momentum.

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

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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 4857.95 and Polycab India (POLYCAB) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.