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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 2024-03-22 View latest technical analysis

10 day averaged volume of Polycab India is 429968

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	4909.90	4996.95	5037.65	4850.00	1.382 times
21 Thu Mar 2024	4986.55	4799.00	5025.50	4770.00	1.658 times
20 Wed Mar 2024	4744.35	4700.00	4838.95	4635.05	1.036 times
19 Tue Mar 2024	4680.25	4810.00	4819.40	4670.55	0.635 times
18 Mon Mar 2024	4795.40	4885.00	4915.00	4778.00	1.009 times
15 Fri Mar 2024	4894.50	4860.05	4918.05	4775.00	0.804 times
14 Thu Mar 2024	4890.15	4760.00	4927.95	4752.40	0.882 times
13 Wed Mar 2024	4778.90	4835.15	4929.15	4730.25	1.473 times
12 Tue Mar 2024	4854.85	4933.90	4965.00	4835.00	0.614 times
11 Mon Mar 2024	4933.90	4910.00	4992.00	4885.20	1.262 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4907.7, but if it comes below 4907.7, then a intra day sell could be more profitable.
If you take a sell trade below 4907.7, then use 4907.7 as stoploss and 4828.12 as target. However if you take a buy trade in stock , then use 4907.7 as stoploss and 5003.1 as target.

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	3801.00
Downside Target	4236.00
Downside Target	4635.05
Downside Target	4830.00
Upside Target	4954.00
Upside Target	4992.00
Upside Target	5037.65
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	4684.08
Downside Intraday Target	4458.27
Upside Intraday Target	5086.68
Upside Intraday Target	5263.47
Downside Intraday Target	4860.87

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	4909.90	4885.00	5037.65	4635.05	1.136 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 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
22 Fri Mar 2024	4909.90	4780.00	5037.65	4635.05	0.502 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Polycab India ( (POLYCAB) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Polycab India ( (POLYCAB) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

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

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

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 stronger in this stock.

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

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 but buying is losing 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 4860.43 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.