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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 2024-03-27 View latest technical analysis

10 day averaged volume of Polycab India is 457800

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	5038.20	5058.00	5136.30	5026.85	0.89 times
26 Tue Mar 2024	5018.15	4929.90	5094.00	4886.50	1.086 times
22 Fri Mar 2024	4909.90	4996.95	5037.65	4850.00	1.298 times
21 Thu Mar 2024	4986.55	4799.00	5025.50	4770.00	1.557 times
20 Wed Mar 2024	4744.35	4700.00	4838.95	4635.05	0.973 times
19 Tue Mar 2024	4680.25	4810.00	4819.40	4670.55	0.596 times
18 Mon Mar 2024	4795.40	4885.00	4915.00	4778.00	0.947 times
15 Fri Mar 2024	4894.50	4860.05	4918.05	4775.00	0.755 times
14 Thu Mar 2024	4890.15	4760.00	4927.95	4752.40	0.828 times
13 Wed Mar 2024	4778.90	4835.15	4929.15	4730.25	1.383 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 5067, for a target of 4950.4 or 4853.17

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	3801.00
Downside Target	4236.00
Downside Target	4635.05
Downside Target	4867.60
Downside Target	4992.00
Downside Target	5037.65
Upside Target	5136.30
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	4904.37
Downside Intraday Target	4770.53
Upside Intraday Target	5154.17
Upside Intraday Target	5270.13
Downside Intraday Target	5020.33

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	5038.20	4929.90	5136.30	4886.50	0.368 times
22 Fri Mar 2024	4909.90	4885.00	5037.65	4635.05	1.136 times
15 Fri Mar 2024	4894.50	4910.00	4992.00	4730.25	1.135 times
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

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
27 Wed Mar 2024	5038.20	4780.00	5136.30	4635.05	0.568 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Polycab India stock for short term is BUY. Signal strength is Strong and stock is gaining 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 tired and bears are picking up momentum.

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 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 4884.25 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.