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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 2024-11-12 View latest technical analysis

10 day averaged volume of Polycab India is 283870

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	6502.75	6720.00	6756.00	6486.10	0.704 times
11 Mon Nov 2024	6708.40	6725.80	6798.75	6626.45	0.62 times
08 Fri Nov 2024	6725.80	6839.85	6839.90	6685.00	0.58 times
07 Thu Nov 2024	6816.75	6950.00	6950.00	6802.75	0.848 times
06 Wed Nov 2024	6883.95	6700.00	6935.00	6700.00	2.353 times
05 Tue Nov 2024	6632.55	6577.05	6655.45	6371.40	1.878 times
04 Mon Nov 2024	6522.95	6505.00	6553.15	6383.20	1.006 times
01 Fri Nov 2024	6501.80	6500.00	6531.40	6450.00	0.094 times
31 Thu Oct 2024	6480.40	6394.70	6500.75	6342.00	0.914 times
30 Wed Oct 2024	6394.35	6430.00	6479.95	6335.00	0.971 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 6428.9 as stoploss in an intra day buy trade for a target of 6674. However, stock will show a bearish move below 6428.9.

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	5930.05
Downside Target	6308.00
Upside Target	6798.75
Upside Target	6882.00
Upside Target	6906.00
Upside Target	6950.00
Upside Target	7119.00
Upside Target	7243.95
Upside Target	7605.00

Intraday share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Intraday Target	6392.98
Downside Intraday Target	6283.22
Upside Intraday Target	6705.63
Upside Intraday Target	6908.52
Upside Intraday Target	6595.87

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	6502.75	6725.80	6798.75	6486.10	0.199 times
08 Fri Nov 2024	6725.80	6505.00	6950.00	6371.40	1.736 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

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
12 Tue Nov 2024	6502.75	6500.00	6950.00	6371.40	0.193 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY signal for Polycab India in short term but the buy signal is initial and weak.

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 red color and prices are below the red cloud Prices appear to be coming down

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

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 6659.08 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.