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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 2024-11-13 View latest technical analysis

10 day averaged volume of Polycab India is 282957

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	6328.25	6465.00	6479.95	6264.15	0.821 times
12 Tue Nov 2024	6502.75	6720.00	6756.00	6486.10	0.706 times
11 Mon Nov 2024	6708.40	6725.80	6798.75	6626.45	0.622 times
08 Fri Nov 2024	6725.80	6839.85	6839.90	6685.00	0.582 times
07 Thu Nov 2024	6816.75	6950.00	6950.00	6802.75	0.851 times
06 Wed Nov 2024	6883.95	6700.00	6935.00	6700.00	2.36 times
05 Tue Nov 2024	6632.55	6577.05	6655.45	6371.40	1.884 times
04 Mon Nov 2024	6522.95	6505.00	6553.15	6383.20	1.009 times
01 Fri Nov 2024	6501.80	6500.00	6531.40	6450.00	0.095 times
31 Thu Oct 2024	6480.40	6394.70	6500.75	6342.00	0.917 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6404.7, but if it comes above 6404.7, then a intra day buy could be more profitable.
If you take a sell trade below 6404.7, then use 6404.7 as stoploss and 6132.8 as target. However if you take a buy trade in stock , then use 6404.7 as stoploss and 6631.34 as target.

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	5930.05
Downside Target	6264.15
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	6128.68
Downside Intraday Target	5929.12
Upside Intraday Target	6663.28
Upside Intraday Target	6998.32
Upside Intraday Target	6463.72

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	6328.25	6725.80	6798.75	6264.15	0.321 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
13 Wed Nov 2024	6328.25	6500.00	6950.00	6264.15	0.213 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 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 and the sell signal is strong.

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 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 and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 6657.68 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.