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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 2024-11-14 View latest technical analysis

10 day averaged volume of Polycab India is 278626

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	6301.90	6334.95	6400.00	6277.45	0.687 times
13 Wed Nov 2024	6328.25	6465.00	6479.95	6264.15	0.834 times
12 Tue Nov 2024	6502.75	6720.00	6756.00	6486.10	0.717 times
11 Mon Nov 2024	6708.40	6725.80	6798.75	6626.45	0.631 times
08 Fri Nov 2024	6725.80	6839.85	6839.90	6685.00	0.591 times
07 Thu Nov 2024	6816.75	6950.00	6950.00	6802.75	0.864 times
06 Wed Nov 2024	6883.95	6700.00	6935.00	6700.00	2.397 times
05 Tue Nov 2024	6632.55	6577.05	6655.45	6371.40	1.913 times
04 Mon Nov 2024	6522.95	6505.00	6553.15	6383.20	1.025 times
01 Fri Nov 2024	6501.80	6500.00	6531.40	6450.00	0.096 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6382.7, but if it comes above 6382.7, then a intra day buy could be more profitable.
If you take a sell trade below 6382.7, then use 6382.7 as stoploss and 6133.4 as target. However if you take a buy trade in stock , then use 6382.7 as stoploss and 6590.41 as target.

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	5930.05
Downside Target	6264.15
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	6111.12
Downside Intraday Target	5920.33
Upside Intraday Target	6645.72
Upside Intraday Target	6989.53
Upside Intraday Target	6454.93

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	6301.90	6725.80	6798.75	6264.15	0.423 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
14 Thu Nov 2024	6301.90	6500.00	6950.00	6264.15	0.229 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 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 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 to mid 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 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 losing 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 getting stronger in this stock.

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 but selling is losing 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 6649.56 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.