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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 2024-11-11 View latest technical analysis

10 day averaged volume of Polycab India is 298137

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	6708.40	6725.80	6798.75	6626.45	0.59 times
08 Fri Nov 2024	6725.80	6839.85	6839.90	6685.00	0.553 times
07 Thu Nov 2024	6816.75	6950.00	6950.00	6802.75	0.807 times
06 Wed Nov 2024	6883.95	6700.00	6935.00	6700.00	2.24 times
05 Tue Nov 2024	6632.55	6577.05	6655.45	6371.40	1.788 times
04 Mon Nov 2024	6522.95	6505.00	6553.15	6383.20	0.957 times
01 Fri Nov 2024	6501.80	6500.00	6531.40	6450.00	0.09 times
31 Thu Oct 2024	6480.40	6394.70	6500.75	6342.00	0.871 times
30 Wed Oct 2024	6394.35	6430.00	6479.95	6335.00	0.925 times
29 Tue Oct 2024	6398.00	6404.95	6439.80	6308.00	0.701 times

My analysis of stock is bearish for shortterm, and stock might move down till 6424.3 or till 6065.5. Use a stoploss of 6723.33 and if the stock hits stoploss, then it can shoot up till 7022.36

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	5930.05
Downside Target	6308.00
Upside Target	6798.75
Upside Target	6882.00
Upside Target	6906.00
Upside Target	6950.00
Upside Target	7119.00
Upside Target	7243.95
Upside Target	7605.00

Intraday share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Intraday Target	6623.65
Downside Intraday Target	6538.9
Upside Intraday Target	6795.95
Upside Intraday Target	6883.5
Upside Intraday Target	6711.2

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	6708.40	6725.80	6798.75	6626.45	0.093 times
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

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
11 Mon Nov 2024	6708.40	6500.00	6950.00	6371.40	0.176 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 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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Polycab India stock for short term is SELL. Signal strength is Weak and stock is gaining 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 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 BUY signal in short term and the buying is gaining 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 6650.86 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.