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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)

10 day averaged volume of Polycab India is 382239

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	5593.65	5582.00	5651.85	5547.05	1.335 times
25 Thu Apr 2024	5633.10	5610.00	5689.90	5590.00	1.112 times
24 Wed Apr 2024	5593.80	5497.25	5618.10	5494.80	0.8 times
23 Tue Apr 2024	5497.25	5430.00	5525.00	5380.95	1.063 times
22 Mon Apr 2024	5433.65	5331.00	5454.70	5315.90	1.039 times
19 Fri Apr 2024	5290.05	5290.00	5353.00	5230.00	0.874 times
18 Thu Apr 2024	5329.90	5315.55	5434.15	5298.90	1.152 times
16 Tue Apr 2024	5267.55	5302.50	5387.00	5241.10	0.897 times
15 Mon Apr 2024	5313.85	5226.10	5394.70	5226.10	1.439 times
12 Fri Apr 2024	5302.35	5247.95	5363.90	5230.10	0.885 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 5474.4, but if it comes below 5474.4, then a intra day sell could be more profitable.
If you take a sell trade below 5474.4, then use 5474.4 as stoploss and 5314.57 as target. However if you take a buy trade in stock , then use 5474.4 as stoploss and 5666.1 as target.

Share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Target	3801.00
Downside Target	4236.00
Downside Target	4635.05
Downside Target	4867.60
Downside Target	5073.00
Downside Target	5323.30
Downside Target	5390.00
Downside Target	5434.15
Downside Target	5530.45
Upside Target	5689.90
Upside Target	5733.00

Intraday share price targets for Polycab India (POLYCAB)

Target Type	Value
Downside Intraday Target	5376.4
Downside Intraday Target	5159.15
Upside Intraday Target	5750.4
Upside Intraday Target	5907.15
Downside Intraday Target	5533.15

Weekly technical analysis of Polycab India (POLYCAB)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	5593.65	5331.00	5689.90	5315.90	1.226 times
19 Fri Apr 2024	5290.05	5226.10	5434.15	5226.10	1.28 times
12 Fri Apr 2024	5302.35	5349.85	5390.00	5196.90	0.854 times
05 Fri Apr 2024	5316.60	5073.00	5323.30	5073.00	1.207 times
28 Thu Mar 2024	5065.00	4929.90	5136.30	4886.50	0.514 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
26 Fri Apr 2024	5593.65	5073.00	5689.90	5073.00	0.797 times
28 Thu Mar 2024	5065.00	4780.00	5136.30	4635.05	0.594 times
29 Thu Feb 2024	4749.85	4350.00	4867.60	4236.00	0.257 times
31 Wed Jan 2024	4343.15	5500.00	5530.45	3801.00	5.621 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 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.

ADX buy sell signal for Polycab India stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

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

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

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 5428.8 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 positive

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