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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 2024-03-07 View latest technical analysis

10 day averaged volume of Polycab India is 502248

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	4891.00	4880.00	4938.30	4863.05	0.539 times
06 Wed Mar 2024	4880.30	4930.95	4938.80	4805.00	0.963 times
05 Tue Mar 2024	4913.30	4791.95	4954.00	4752.00	1.464 times
04 Mon Mar 2024	4792.20	4777.00	4811.30	4730.95	0.831 times
02 Sat Mar 2024	4794.35	4805.00	4830.00	4771.20	0.086 times
01 Fri Mar 2024	4807.45	4780.00	4829.00	4751.10	0.729 times
29 Thu Feb 2024	4749.85	4709.10	4797.95	4663.30	1.253 times
28 Wed Feb 2024	4709.90	4785.00	4788.00	4666.00	0.616 times
27 Tue Feb 2024	4766.90	4800.00	4800.00	4726.00	1.047 times
26 Mon Feb 2024	4788.40	4805.00	4867.60	4709.00	2.002 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4874.3, but if it comes below 4874.3, then a intra day sell could be more profitable.
If you take a sell trade below 4874.3, then use 4874.3 as stoploss and 4704.76 as target. However if you take a buy trade in stock , then use 4874.3 as stoploss and 5077.8 as target.

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	3801.00
Downside Target	4236.00
Downside Target	4430.00
Downside Target	4643.90
Downside Target	4830.00
Downside Target	4890.80
Upside Target	4954.00
Upside Target	5226.10
Upside Target	5433.00
Upside Target	5530.45
Upside Target	5733.00

Intraday share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Intraday Target	4763.3
Downside Intraday Target	4635.6
Upside Intraday Target	4986.35
Upside Intraday Target	5081.7
Downside Intraday Target	4858.65

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	4891.00	4777.00	4954.00	4730.95	0.662 times
02 Sat Mar 2024	4794.35	4805.00	4867.60	4663.30	0.834 times
23 Fri Feb 2024	4801.80	4709.95	4830.00	4643.90	0.788 times
16 Fri Feb 2024	4670.00	4309.00	4734.00	4278.00	2.162 times
09 Fri Feb 2024	4307.35	4370.00	4430.00	4250.00	0.608 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
07 Thu Mar 2024	4891.00	4780.00	4954.00	4730.95	0.168 times
29 Thu Feb 2024	4749.85	4350.00	4867.60	4236.00	0.257 times
31 Wed Jan 2024	4343.15	5500.00	5530.45	3801.00	5.621 times
29 Fri Dec 2023	5484.85	5344.00	5733.00	5226.10	0.625 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 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 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Polycab India in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term but buying 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 4812 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.