Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-10-23 View latest technical analysis

10 day averaged volume of Polycab India is 628521

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	6661.70	6620.00	6765.00	6592.00	0.734 times
22 Tue Oct 2024	6651.45	6840.00	6840.00	6590.05	1.146 times
21 Mon Oct 2024	6849.75	7155.00	7243.95	6795.75	1.34 times
18 Fri Oct 2024	7120.40	6699.95	7170.00	6612.00	3.13 times
17 Thu Oct 2024	7120.55	7156.20	7307.80	7013.55	1.169 times
16 Wed Oct 2024	7181.50	7480.00	7520.90	7160.25	0.767 times
15 Tue Oct 2024	7489.30	7508.95	7605.00	7393.50	0.334 times
14 Mon Oct 2024	7483.40	7385.00	7509.95	7338.00	0.495 times
11 Fri Oct 2024	7446.85	7493.15	7493.15	7365.00	0.282 times
10 Thu Oct 2024	7452.85	7425.00	7585.50	7381.70	0.749 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6846.4, but if it comes above 6846.4, then a intra day buy could be more profitable.
If you take a sell trade below 6846.4, then use 6846.4 as stoploss and 6513.3 as target. However if you take a buy trade in stock , then use 6846.4 as stoploss and 7124.06 as target.

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	5930.05
Downside Target	6137.00
Downside Target	6308.75
Upside Target	6882.00
Upside Target	7119.00
Upside Target	7243.95
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	6419.85
Downside Intraday Target	6178
Upside Intraday Target	7073.75
Upside Intraday Target	7485.8
Upside Intraday Target	6831.9

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	6661.70	7155.00	7243.95	6590.05	0.546 times
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

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
23 Wed Oct 2024	6661.70	6987.95	7605.00	6590.05	1.29 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 down 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 to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Polycab India stock for short term is SELL. Signal strength is Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

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 and selling is picking up 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 7066.65 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.