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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 2024-10-14 View latest technical analysis

10 day averaged volume of Polycab India is 603620

Date	Daily Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	7483.40	7385.00	7509.95	7338.00	0.516 times
11 Fri Oct 2024	7446.85	7493.15	7493.15	7365.00	0.294 times
10 Thu Oct 2024	7452.85	7425.00	7585.50	7381.70	0.78 times
09 Wed Oct 2024	7396.65	7300.00	7438.00	7250.00	0.611 times
08 Tue Oct 2024	7262.75	7077.00	7297.90	7036.00	0.68 times
07 Mon Oct 2024	7076.90	7187.00	7245.50	6980.10	0.727 times
04 Fri Oct 2024	7184.95	7329.00	7393.45	7170.00	0.775 times
03 Thu Oct 2024	7332.20	7202.30	7430.00	7200.00	1.467 times
01 Tue Oct 2024	7326.55	6987.95	7353.55	6902.40	2.024 times
30 Mon Sep 2024	6955.20	7065.00	7068.90	6909.00	0.503 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 7329.3, but if it comes below 7329.3, then a intra day sell could be more profitable.
If you take a sell trade below 7329.3, then use 7329.3 as stoploss and 6989.58 as target. However if you take a buy trade in stock , then use 7329.3 as stoploss and 7736.9 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	7119.00
Downside Target	7331.45
Downside Target	7338.00
Downside Target	7430.00
Upside Target	7509.95
Upside Target	7585.50

Intraday share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Intraday Target	7377.62
Downside Intraday Target	7271.83
Upside Intraday Target	7549.57
Upside Intraday Target	7615.73
Downside Intraday Target	7443.78

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	7483.40	7385.00	7509.95	7338.00	0.167 times
11 Fri Oct 2024	7446.85	7187.00	7585.50	6980.10	0.648 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

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
14 Mon Oct 2024	7483.40	6987.95	7585.50	6902.40	0.603 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 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 losing 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 7296.07 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.