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(POLYMED) Poly Medicure complete technical analysis [charts+indicators] | Buy/Sell Poly Medicure | (POLYMED) share price targets

Complete technical analysis of Poly Medicure (POLYMED) by charts plus indicators, forecast predictions and share price targets for Poly Medicure (POLYMED)

Poly Medicure trades in NSE in Medical Equipment sector.

Showing technical analysis as on 2024-03-18 View latest technical analysis

10 day averaged volume of Poly Medicure is 86513

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	1495.60	1415.10	1509.70	1415.00	0.968 times
15 Fri Mar 2024	1432.85	1410.95	1444.20	1393.00	0.81 times
14 Thu Mar 2024	1418.15	1395.00	1429.00	1373.00	0.666 times
13 Wed Mar 2024	1396.10	1425.00	1459.70	1392.20	2.156 times
12 Tue Mar 2024	1450.95	1526.40	1531.00	1420.20	1.554 times
11 Mon Mar 2024	1518.85	1577.75	1577.75	1510.05	0.481 times
07 Thu Mar 2024	1570.40	1584.95	1599.75	1560.00	0.454 times
06 Wed Mar 2024	1581.85	1590.05	1595.05	1553.10	0.855 times
05 Tue Mar 2024	1600.05	1600.00	1610.00	1568.60	2.149 times
04 Mon Mar 2024	1600.90	1621.55	1652.00	1589.85	0.803 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1480.8 as stoploss in an intra day buy trade for a target of 1552.39. However, stock will show a bearish move below 1480.8.

Share price targets for Poly Medicure (POLYMED)

Target Type	Value
Downside Target	1361.00
Downside Target	1415.00
Upside Target	1509.70
Upside Target	1577.75
Upside Target	1581.00
Upside Target	1652.00
Upside Target	1666.95
Upside Target	1677.00
Upside Target	1729.00

Intraday share price targets for Poly Medicure (POLYMED)

Target Type	Value
Downside Intraday Target	1437.17
Downside Intraday Target	1378.73
Upside Intraday Target	1531.87
Upside Intraday Target	1568.13
Downside Intraday Target	1473.43

Weekly technical analysis of Poly Medicure (POLYMED)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	1495.60	1415.10	1509.70	1415.00	0.171 times
15 Fri Mar 2024	1432.85	1577.75	1577.75	1373.00	1.33 times
07 Thu Mar 2024	1570.40	1621.55	1652.00	1553.10	0.42 times
02 Sat Mar 2024	1610.50	1599.85	1666.95	1537.50	0.965 times
23 Fri Feb 2024	1604.80	1602.75	1729.00	1547.80	6.038 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 Poly Medicure (POLYMED)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	1495.60	1571.00	1652.00	1373.00	0.398 times
29 Thu Feb 2024	1563.15	1456.00	1729.00	1455.95	1.772 times
31 Wed Jan 2024	1456.65	1490.00	1547.80	1361.00	0.72 times
29 Fri Dec 2023	1489.90	1538.60	1677.00	1437.10	0.822 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 Poly Medicure (POLYMED)

Price action analysis of Poly Medicure ( (POLYMED) ) 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 Poly Medicure ( (POLYMED) ) 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 Poly Medicure ( (POLYMED) ) 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 Poly Medicure ( (POLYMED) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Poly Medicure stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Poly Medicure in short term and the sell signal is strong.

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

Poly Medicure 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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Poly Medicure in short term but BUY 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 Poly Medicure is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1499.41 and Poly Medicure (POLYMED) 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 Poly Medicure (POLYMED) stock. Volume based technical analysis of Poly Medicure (POLYMED) stock is negative.

Poly Medicure 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.