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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 2024-10-17 View latest technical analysis

10 day averaged volume of Polycab India is 422296

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	7120.55	7156.20	7307.80	7013.55	1.74 times
16 Wed Oct 2024	7181.50	7480.00	7520.90	7160.25	1.141 times
15 Tue Oct 2024	7489.30	7508.95	7605.00	7393.50	0.497 times
14 Mon Oct 2024	7483.40	7385.00	7509.95	7338.00	0.737 times
11 Fri Oct 2024	7446.85	7493.15	7493.15	7365.00	0.42 times
10 Thu Oct 2024	7452.85	7425.00	7585.50	7381.70	1.115 times
09 Wed Oct 2024	7396.65	7300.00	7438.00	7250.00	0.874 times
08 Tue Oct 2024	7262.75	7077.00	7297.90	7036.00	0.972 times
07 Mon Oct 2024	7076.90	7187.00	7245.50	6980.10	1.039 times
04 Fri Oct 2024	7184.95	7329.00	7393.45	7170.00	1.108 times

My analysis of stock is bullish for shortterm, and stock might move up till 7406.9 or till 7805.1. Use a stoploss of 7074.99 and if this stock hits its stoploss, then it can fall down till 6743.13

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	7013.55
Downside Target	7119.00
Upside Target	7331.45
Upside Target	7430.00
Upside Target	7585.50
Upside Target	7605.00

Intraday share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Intraday Target	6887.73
Downside Intraday Target	6654.92
Upside Intraday Target	7479.18
Upside Intraday Target	7837.82
Upside Intraday Target	7246.37

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	7120.55	7385.00	7605.00	7013.55	0.931 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 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
17 Thu Oct 2024	7120.55	6987.95	7605.00	6902.40	0.784 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 neutral. A longer time frame might give a better analysis.

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 SELL. Signal strength is Weak and stock is losing 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 but selling 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 7269.18 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.