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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 2024-12-27 View latest technical analysis

10 day averaged volume of Polycab India is 214778

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	7149.25	7144.60	7200.00	7086.00	0.687 times
26 Thu Dec 2024	7144.60	7091.85	7160.50	7050.00	0.716 times
24 Tue Dec 2024	7091.85	7118.35	7149.00	7022.00	0.572 times
23 Mon Dec 2024	7118.35	7180.00	7268.45	7081.65	1.145 times
20 Fri Dec 2024	7178.25	7510.00	7593.50	7150.10	1.588 times
19 Thu Dec 2024	7493.50	7350.00	7512.10	7300.00	1.118 times
18 Wed Dec 2024	7413.35	7483.05	7495.15	7372.10	0.778 times
17 Tue Dec 2024	7483.05	7550.00	7550.00	7451.00	0.93 times
16 Mon Dec 2024	7541.35	7529.35	7595.00	7505.00	0.7 times
13 Fri Dec 2024	7522.15	7459.95	7565.00	7402.45	1.491 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 7207, but if it comes above 7207, then a intra day buy could be more profitable.
If you take a sell trade below 7207, then use 7207 as stoploss and 7039.7 as target. However if you take a buy trade in stock , then use 7207 as stoploss and 7346.33 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	7024.68
Downside Intraday Target	6900.12
Upside Intraday Target	7271.13
Upside Intraday Target	7393.02
Downside Intraday Target	7146.57

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	7149.25	7180.00	7268.45	7022.00	0.61 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
27 Fri Dec 2024	7149.25	7308.00	7595.00	7022.00	0.666 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 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 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 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 weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Polycab India in short term but BUY signal is weak.

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

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 7324.68 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.