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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 2024-10-08 View latest technical analysis

10 day averaged volume of Polycab India is 611695

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	7262.75	7077.00	7297.90	7036.00	0.671 times
07 Mon Oct 2024	7076.90	7187.00	7245.50	6980.10	0.717 times
04 Fri Oct 2024	7184.95	7329.00	7393.45	7170.00	0.765 times
03 Thu Oct 2024	7332.20	7202.30	7430.00	7200.00	1.448 times
01 Tue Oct 2024	7326.55	6987.95	7353.55	6902.40	1.997 times
30 Mon Sep 2024	6955.20	7065.00	7068.90	6909.00	0.496 times
27 Fri Sep 2024	7054.80	6753.70	7119.00	6735.90	2.111 times
26 Thu Sep 2024	6747.40	6700.00	6774.65	6664.00	0.877 times
25 Wed Sep 2024	6685.95	6659.90	6705.00	6583.35	0.474 times
24 Tue Sep 2024	6657.75	6635.00	6705.80	6530.00	0.681 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 7111.9, but if it comes below 7111.9, then a intra day sell could be more profitable.
If you take a sell trade below 7111.9, then use 7111.9 as stoploss and 6855.56 as target. However if you take a buy trade in stock , then use 7111.9 as stoploss and 7419.6 as target.

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	5930.05
Downside Target	6137.00
Downside Target	6308.75
Downside Target	6828.00
Downside Target	6924.50
Downside Target	6980.10
Downside Target	7119.00
Upside Target	7297.90
Upside Target	7331.45
Upside Target	7430.00

Intraday share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Intraday Target	7062.6
Downside Intraday Target	6862.45
Upside Intraday Target	7380.4
Upside Intraday Target	7498.05
Downside Intraday Target	7180.25

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	7262.75	7187.00	7297.90	6980.10	0.295 times
04 Fri Oct 2024	7184.95	7065.00	7430.00	6902.40	1.028 times
27 Fri Sep 2024	7054.80	6600.00	7119.00	6525.00	1.964 times
20 Fri Sep 2024	6559.35	6800.00	6828.00	6425.55	0.744 times
13 Fri Sep 2024	6752.85	6580.00	6924.50	6575.00	1.329 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
08 Tue Oct 2024	7262.75	6987.95	7430.00	6902.40	0.434 times
30 Mon Sep 2024	6955.20	6839.95	7119.00	6425.55	1.093 times
30 Fri Aug 2024	6813.40	6900.00	6906.00	6308.75	0.538 times
31 Wed Jul 2024	6858.20	6750.00	6882.00	5930.05	0.75 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 7097.3 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.