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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 2024-10-29 View latest technical analysis

10 day averaged volume of Polycab India is 637514

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	6398.00	6404.95	6439.80	6308.00	0.328 times
28 Mon Oct 2024	6369.25	6500.00	6524.55	6344.00	0.5 times
25 Fri Oct 2024	6455.40	6510.00	6541.80	6382.00	0.51 times
24 Thu Oct 2024	6502.35	6650.00	6650.00	6490.00	0.492 times
23 Wed Oct 2024	6661.70	6620.00	6765.00	6592.00	0.723 times
22 Tue Oct 2024	6651.45	6840.00	6840.00	6590.05	1.13 times
21 Mon Oct 2024	6849.75	7155.00	7243.95	6795.75	1.321 times
18 Fri Oct 2024	7120.40	6699.95	7170.00	6612.00	3.086 times
17 Thu Oct 2024	7120.55	7156.20	7307.80	7013.55	1.153 times
16 Wed Oct 2024	7181.50	7480.00	7520.90	7160.25	0.756 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6653.6, but if it comes above 6653.6, then a intra day buy could be more profitable.
If you take a sell trade below 6653.6, then use 6653.6 as stoploss and 6192.2 as target. However if you take a buy trade in stock , then use 6653.6 as stoploss and 7038.14 as target.

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	5930.05
Downside Target	6137.00
Downside Target	6308.00
Upside Target	6882.00
Upside Target	6980.10
Upside Target	7119.00
Upside Target	7243.95
Upside Target	7331.45
Upside Target	7430.00
Upside Target	7585.50
Upside Target	7605.00

Intraday share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Intraday Target	6295.82
Downside Intraday Target	6193.63
Upside Intraday Target	6512.37
Upside Intraday Target	6626.73
Upside Intraday Target	6410.18

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	6398.00	6500.00	6524.55	6308.00	0.198 times
25 Fri Oct 2024	6455.40	7155.00	7243.95	6382.00	0.718 times
18 Fri Oct 2024	7120.40	7385.00	7605.00	6612.00	1.985 times
11 Fri Oct 2024	7446.85	7187.00	7585.50	6980.10	0.648 times
04 Fri Oct 2024	7184.95	7065.00	7430.00	6902.40	1.028 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
29 Tue Oct 2024	6398.00	6987.95	7605.00	6308.00	1.437 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
31 Wed Jul 2024	6858.20	6750.00	6882.00	5930.05	0.75 times

Scroll below to view daily charts

Price has moved down 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 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 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 mid to longer 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.

ADX buy sell signal for Polycab India stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

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 SELL signal for Polycab India in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 6877.56 and Polycab India (POLYCAB) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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.