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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 2024-10-18 View latest technical analysis

10 day averaged volume of Polycab India is 407236

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	7120.40	6699.95	7170.00	6612.00	4.831 times
17 Thu Oct 2024	7120.55	7156.20	7307.80	7013.55	1.805 times
16 Wed Oct 2024	7181.50	7480.00	7520.90	7160.25	1.184 times
15 Tue Oct 2024	7489.30	7508.95	7605.00	7393.50	0.515 times
14 Mon Oct 2024	7483.40	7385.00	7509.95	7338.00	0.764 times
11 Fri Oct 2024	7446.85	7493.15	7493.15	7365.00	0.436 times
10 Thu Oct 2024	7452.85	7425.00	7585.50	7381.70	1.156 times
09 Wed Oct 2024	7396.65	7300.00	7438.00	7250.00	0.906 times
08 Tue Oct 2024	7262.75	7077.00	7297.90	7036.00	1.008 times
07 Mon Oct 2024	7076.90	7187.00	7245.50	6980.10	1.077 times

Stock of Polycab India (POLYCAB) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, and stock might move up till 7409.3 or till 7771.8. Use a stoploss of 7107.22 and if this stock hits its stoploss, then it can fall down till 6805.15

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	6980.10
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	6619.93
Downside Intraday Target	6119.47
Upside Intraday Target	7612.93
Upside Intraday Target	8105.47
Downside Intraday Target	7112.47

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	7120.40	7385.00	7605.00	6612.00	1.985 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Polycab India (POLYCAB)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	7120.40	6987.95	7605.00	6612.00	1.033 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 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 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 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 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 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 above 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 BUY signal in short term and the buying is gaining 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 7223.72 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.