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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 2024-11-27 View latest technical analysis

10 day averaged volume of Polycab India is 243106

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	7044.00	6870.50	7087.45	6828.15	2.048 times
26 Tue Nov 2024	6872.65	6800.00	6885.00	6740.00	0.897 times
25 Mon Nov 2024	6766.15	6810.00	6821.00	6701.20	1.521 times
22 Fri Nov 2024	6620.50	6415.00	6645.50	6408.35	0.788 times
21 Thu Nov 2024	6408.35	6525.00	6532.00	6390.05	0.819 times
19 Tue Nov 2024	6517.05	6493.00	6610.40	6460.00	0.812 times
18 Mon Nov 2024	6444.65	6295.90	6485.70	6257.50	1.874 times
14 Thu Nov 2024	6301.90	6334.95	6400.00	6277.45	0.787 times
13 Wed Nov 2024	6328.25	6465.00	6479.95	6264.15	0.956 times
12 Tue Nov 2024	6502.75	6720.00	6756.00	6486.10	0.822 times

Stock of Polycab India (POLYCAB) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 7035.7, for a target of 6794.5 or 6593.56

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	5930.05
Downside Target	6257.50
Downside Target	6701.20
Downside Target	6798.75
Downside Target	6882.00
Downside Target	6906.00
Downside Target	6950.00
Upside Target	7087.45
Upside Target	7119.00
Upside Target	7605.00

Intraday share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Intraday Target	6800.98
Downside Intraday Target	6557.97
Upside Intraday Target	7187.23
Upside Intraday Target	7330.47
Downside Intraday Target	6944.22

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	7044.00	6810.00	7087.45	6701.20	1.04 times
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

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
27 Wed Nov 2024	7044.00	6500.00	7087.45	6257.50	0.408 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 to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Polycab India stock for short term is BUY. 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.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 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 6629.38 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 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.