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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)

10 day averaged volume of Polycab India is 314692

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Nov 2024	6517.05	6493.00	6610.40	6460.00	0.628 times
18 Mon Nov 2024	6444.65	6295.90	6485.70	6257.50	1.448 times
14 Thu Nov 2024	6301.90	6334.95	6400.00	6277.45	0.608 times
13 Wed Nov 2024	6328.25	6465.00	6479.95	6264.15	0.738 times
12 Tue Nov 2024	6502.75	6720.00	6756.00	6486.10	0.635 times
11 Mon Nov 2024	6708.40	6725.80	6798.75	6626.45	0.559 times
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	0.765 times
06 Wed Nov 2024	6883.95	6700.00	6935.00	6700.00	2.122 times
05 Tue Nov 2024	6632.55	6577.05	6655.45	6371.40	1.694 times

My analysis of stock is bearish for shortterm, and stock might move down till 6383.4 or till 6195.5. Use a stoploss of 6539.99 and if the stock hits stoploss, then it can shoot up till 6696.6

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	5930.05
Downside Target	6257.50
Upside Target	6610.40
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	6312.9
Downside Intraday Target	6108.75
Upside Intraday Target	6665.8
Upside Intraday Target	6814.55
Downside Intraday Target	6461.65

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Nov 2024	6517.05	6295.90	6610.40	6257.50	0.817 times
14 Thu Nov 2024	6301.90	6725.80	6798.75	6264.15	0.423 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

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
19 Tue Nov 2024	6517.05	6500.00	6950.00	6257.50	0.284 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 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 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 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Polycab India in short term and the sell signal is strong.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

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

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 6623.59 and Polycab India (POLYCAB) stock is trading below this level. This means that stock is falling with high volumes. 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 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.