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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 2024-11-04 View latest technical analysis

10 day averaged volume of Polycab India is 375186

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	6522.95	6505.00	6553.15	6383.20	0.761 times
01 Fri Nov 2024	6501.80	6500.00	6531.40	6450.00	0.071 times
31 Thu Oct 2024	6480.40	6394.70	6500.75	6342.00	0.692 times
30 Wed Oct 2024	6394.35	6430.00	6479.95	6335.00	0.735 times
29 Tue Oct 2024	6398.00	6404.95	6439.80	6308.00	0.557 times
28 Mon Oct 2024	6369.25	6500.00	6524.55	6344.00	0.849 times
25 Fri Oct 2024	6455.40	6510.00	6541.80	6382.00	0.866 times
24 Thu Oct 2024	6502.35	6650.00	6650.00	6490.00	0.836 times
23 Wed Oct 2024	6661.70	6620.00	6765.00	6592.00	1.229 times
22 Tue Oct 2024	6651.45	6840.00	6840.00	6590.05	1.919 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 6463.6 as stoploss in an intra day buy trade for a target of 6887.08. However, stock will show a bearish move below 6463.6.

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	5930.05
Downside Target	6308.00
Upside Target	6612.00
Upside Target	6882.00
Upside Target	6906.00
Upside Target	6980.10
Upside Target	7119.00
Upside Target	7243.95
Upside Target	7585.50
Upside Target	7605.00

Intraday share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Intraday Target	6419.72
Downside Intraday Target	6316.48
Upside Intraday Target	6589.67
Upside Intraday Target	6656.38
Downside Intraday Target	6486.43

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	6522.95	6505.00	6553.15	6383.20	0.262 times
01 Fri Nov 2024	6501.80	6500.00	6531.40	6308.00	0.409 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

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
04 Mon Nov 2024	6522.95	6500.00	6553.15	6383.20	0.026 times
31 Thu Oct 2024	6480.40	6987.95	7605.00	6308.00	1.505 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

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 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 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 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.

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 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 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 6524.81 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.