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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 2024-11-06 View latest technical analysis

10 day averaged volume of Polycab India is 300783

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	6883.95	6700.00	6935.00	6700.00	2.22 times
05 Tue Nov 2024	6632.55	6577.05	6655.45	6371.40	1.772 times
04 Mon Nov 2024	6522.95	6505.00	6553.15	6383.20	0.949 times
01 Fri Nov 2024	6501.80	6500.00	6531.40	6450.00	0.089 times
31 Thu Oct 2024	6480.40	6394.70	6500.75	6342.00	0.863 times
30 Wed Oct 2024	6394.35	6430.00	6479.95	6335.00	0.917 times
29 Tue Oct 2024	6398.00	6404.95	6439.80	6308.00	0.695 times
28 Mon Oct 2024	6369.25	6500.00	6524.55	6344.00	1.059 times
25 Fri Oct 2024	6455.40	6510.00	6541.80	6382.00	1.08 times
24 Thu Oct 2024	6502.35	6650.00	6650.00	6490.00	1.043 times

Stock of Polycab India (POLYCAB) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, and stock might move up till 7229 or till 7707.9. Use a stoploss of 6829.94 and if this stock hits its stoploss, then it can fall down till 6430.85

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	5930.05
Downside Target	6308.00
Downside Target	6882.00
Upside Target	6935.00
Upside Target	6980.10
Upside Target	7119.00
Upside Target	7243.95
Upside Target	7585.50
Upside Target	7605.00

Intraday share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Intraday Target	6525.23
Downside Intraday Target	6166.52
Upside Intraday Target	7088.83
Upside Intraday Target	7293.72
Downside Intraday Target	6730.12

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	6883.95	6505.00	6935.00	6371.40	1.364 times
01 Fri Nov 2024	6501.80	6500.00	6531.40	6308.00	0.409 times
25 Fri Oct 2024	6455.40	7155.00	7243.95	6382.00	0.718 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

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
06 Wed Nov 2024	6883.95	6500.00	6935.00	6371.40	0.127 times
31 Thu Oct 2024	6480.40	6987.95	7605.00	6308.00	1.505 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

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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Polycab India stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Polycab India in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 SELL signal in short term but selling is losing 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 6569.29 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.