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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 2024-04-10 View latest technical analysis

10 day averaged volume of Polycab India is 347270

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	5248.40	5260.00	5283.00	5196.90	0.812 times
09 Tue Apr 2024	5261.40	5336.80	5336.80	5242.80	0.569 times
08 Mon Apr 2024	5281.40	5349.85	5390.00	5216.35	1.396 times
05 Fri Apr 2024	5316.60	5226.00	5323.30	5220.00	0.853 times
04 Thu Apr 2024	5224.95	5300.00	5304.90	5204.70	0.653 times
03 Wed Apr 2024	5261.55	5180.00	5289.00	5160.00	0.976 times
02 Tue Apr 2024	5205.80	5151.25	5214.55	5100.00	1.131 times
01 Mon Apr 2024	5133.00	5073.00	5151.00	5073.00	0.781 times
28 Thu Mar 2024	5065.00	5042.00	5116.00	5004.00	1.035 times
27 Wed Mar 2024	5038.20	5058.00	5136.30	5026.85	1.173 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 5228, but if it comes below 5228, then a intra day sell could be more profitable.
If you take a sell trade below 5228, then use 5228 as stoploss and 5029.47 as target. However if you take a buy trade in stock , then use 5228 as stoploss and 5466.2 as target.

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	3801.00
Downside Target	4236.00
Downside Target	4635.05
Downside Target	4730.25
Downside Target	4867.60
Downside Target	4992.00
Downside Target	5196.90
Downside Target	5226.10
Upside Target	5323.30
Upside Target	5390.00
Upside Target	5530.45
Upside Target	5733.00

Intraday share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Intraday Target	5166.87
Downside Intraday Target	5085.33
Upside Intraday Target	5359.97
Upside Intraday Target	5471.53
Upside Intraday Target	5278.43

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	5248.40	5349.85	5390.00	5196.90	0.632 times
05 Fri Apr 2024	5316.60	5073.00	5323.30	5073.00	1.207 times
28 Thu Mar 2024	5065.00	4929.90	5136.30	4886.50	0.514 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

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
10 Wed Apr 2024	5248.40	5073.00	5390.00	5073.00	0.304 times
28 Thu Mar 2024	5065.00	4780.00	5136.30	4635.05	0.594 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

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 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 losing momentum.

MACD generated a BUY signal for Polycab India in short term and the buy signal is strong.

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 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 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 5198.76 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.