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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 2024-04-16 View latest technical analysis

10 day averaged volume of Polycab India is 337894

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	5267.55	5302.50	5387.00	5241.10	1.015 times
15 Mon Apr 2024	5313.85	5226.10	5394.70	5226.10	1.628 times
12 Fri Apr 2024	5302.35	5247.95	5363.90	5230.10	1.001 times
10 Wed Apr 2024	5248.40	5260.00	5283.00	5196.90	0.835 times
09 Tue Apr 2024	5261.40	5336.80	5336.80	5242.80	0.585 times
08 Mon Apr 2024	5281.40	5349.85	5390.00	5216.35	1.435 times
05 Fri Apr 2024	5316.60	5226.00	5323.30	5220.00	0.877 times
04 Thu Apr 2024	5224.95	5300.00	5304.90	5204.70	0.672 times
03 Wed Apr 2024	5261.55	5180.00	5289.00	5160.00	1.003 times
02 Tue Apr 2024	5205.80	5151.25	5214.55	5100.00	1.162 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 5296.8 as stoploss in an intra day sell trade for a target of 5097.46. However, stock will show a bullish move above 5296.8.

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	5037.65
Downside Target	5226.10
Upside Target	5323.30
Upside Target	5390.00
Upside Target	5394.70
Upside Target	5530.45
Upside Target	5733.00

Intraday share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Intraday Target	5197.53
Downside Intraday Target	5127.52
Upside Intraday Target	5366.13
Upside Intraday Target	5464.72
Upside Intraday Target	5296.12

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	5267.55	5226.10	5394.70	5226.10	0.686 times
12 Fri Apr 2024	5302.35	5349.85	5390.00	5196.90	0.854 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

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
16 Tue Apr 2024	5267.55	5073.00	5394.70	5073.00	0.454 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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

Although the stock is in the BUY zone, but buying 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 5272.16 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 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.