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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 2024-12-24 View latest technical analysis

10 day averaged volume of Polycab India is 220087

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	7091.85	7118.35	7149.00	7022.00	0.558 times
23 Mon Dec 2024	7118.35	7180.00	7268.45	7081.65	1.117 times
20 Fri Dec 2024	7178.25	7510.00	7593.50	7150.10	1.549 times
19 Thu Dec 2024	7493.50	7350.00	7512.10	7300.00	1.091 times
18 Wed Dec 2024	7413.35	7483.05	7495.15	7372.10	0.759 times
17 Tue Dec 2024	7483.05	7550.00	7550.00	7451.00	0.908 times
16 Mon Dec 2024	7541.35	7529.35	7595.00	7505.00	0.683 times
13 Fri Dec 2024	7522.15	7459.95	7565.00	7402.45	1.455 times
12 Thu Dec 2024	7486.40	7401.25	7524.80	7385.00	0.939 times
11 Wed Dec 2024	7401.25	7458.45	7458.45	7385.00	0.439 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 7193.2, but if it comes above 7193.2, then a intra day buy could be more profitable.
If you take a sell trade below 7193.2, then use 7193.2 as stoploss and 7015.5 as target. However if you take a buy trade in stock , then use 7193.2 as stoploss and 7341.3 as target.

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	6257.50
Downside Target	6701.20
Downside Target	6906.00
Upside Target	7295.10
Upside Target	7320.00
Upside Target	7479.00
Upside Target	7565.00
Upside Target	7595.00
Upside Target	7605.00

Intraday share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Intraday Target	6986.42
Downside Intraday Target	6880.98
Upside Intraday Target	7232.87
Upside Intraday Target	7373.88
Upside Intraday Target	7127.43

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	7091.85	7180.00	7268.45	7022.00	0.336 times
20 Fri Dec 2024	7178.25	7529.35	7595.00	7150.10	1.012 times
13 Fri Dec 2024	7522.15	7317.95	7565.00	7295.10	0.969 times
06 Fri Dec 2024	7317.95	7308.00	7479.00	7272.00	0.507 times
29 Fri Nov 2024	7297.90	6810.00	7320.00	6701.20	2.115 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
24 Tue Dec 2024	7091.85	7308.00	7595.00	7022.00	0.615 times
29 Fri Nov 2024	7297.90	6500.00	7320.00	6257.50	0.503 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

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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 but the sell signal is initial and weak.

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 green color and prices are in or below the green 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 7369.82 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 positive

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