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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 2024-11-08 View latest technical analysis

10 day averaged volume of Polycab India is 314153

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	6725.80	6839.85	6839.90	6685.00	0.524 times
07 Thu Nov 2024	6816.75	6950.00	6950.00	6802.75	0.766 times
06 Wed Nov 2024	6883.95	6700.00	6935.00	6700.00	2.126 times
05 Tue Nov 2024	6632.55	6577.05	6655.45	6371.40	1.697 times
04 Mon Nov 2024	6522.95	6505.00	6553.15	6383.20	0.909 times
01 Fri Nov 2024	6501.80	6500.00	6531.40	6450.00	0.085 times
31 Thu Oct 2024	6480.40	6394.70	6500.75	6342.00	0.826 times
30 Wed Oct 2024	6394.35	6430.00	6479.95	6335.00	0.878 times
29 Tue Oct 2024	6398.00	6404.95	6439.80	6308.00	0.665 times
28 Mon Oct 2024	6369.25	6500.00	6524.55	6344.00	1.014 times

My analysis of stock is bearish for shortterm, and stock might move down till 6420.3 or till 6010.2. Use a stoploss of 6762.08 and if the stock hits stoploss, then it can shoot up till 7103.82

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	5930.05
Downside Target	6308.00
Upside Target	6882.00
Upside Target	6950.00
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	6414.8
Downside Intraday Target	6103.8
Upside Intraday Target	6993.4
Upside Intraday Target	7261
Downside Intraday Target	6682.4

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	6725.80	6505.00	6950.00	6371.40	1.736 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, 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
08 Fri Nov 2024	6725.80	6500.00	6950.00	6371.40	0.162 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Polycab India ( (POLYCAB) ) based on a mid to longer 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.

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 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 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Polycab India in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 6617.37 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 negative.

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