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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 2024-11-22 View latest technical analysis

10 day averaged volume of Polycab India is 272515

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	6620.50	6415.00	6645.50	6408.35	0.703 times
21 Thu Nov 2024	6408.35	6525.00	6532.00	6390.05	0.731 times
19 Tue Nov 2024	6517.05	6493.00	6610.40	6460.00	0.725 times
18 Mon Nov 2024	6444.65	6295.90	6485.70	6257.50	1.672 times
14 Thu Nov 2024	6301.90	6334.95	6400.00	6277.45	0.702 times
13 Wed Nov 2024	6328.25	6465.00	6479.95	6264.15	0.853 times
12 Tue Nov 2024	6502.75	6720.00	6756.00	6486.10	0.733 times
11 Mon Nov 2024	6708.40	6725.80	6798.75	6626.45	0.646 times
08 Fri Nov 2024	6725.80	6839.85	6839.90	6685.00	0.605 times
07 Thu Nov 2024	6816.75	6950.00	6950.00	6802.75	0.883 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 6681.2 as stoploss in an intra day sell trade for a target of 6525.77. However, stock will show a bullish move above 6681.2.

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	5930.05
Downside Target	6257.50
Upside Target	6645.50
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	6370.17
Downside Intraday Target	6119.83
Upside Intraday Target	6758.17
Upside Intraday Target	6895.83
Downside Intraday Target	6507.83

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	6620.50	6295.90	6645.50	6257.50	1.305 times
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

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
22 Fri Nov 2024	6620.50	6500.00	6950.00	6257.50	0.317 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 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 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 short to mid term time period is neutral. A longer time frame might give a better analysis.

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 Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Polycab India in short term and BUY signal is strong.

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 6524.81 and Polycab India (POLYCAB) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.