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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 2024-04-05 View latest technical analysis

10 day averaged volume of Poly Medicure is 36103

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	1567.55	1579.85	1594.90	1557.60	4.743 times
04 Thu Apr 2024	1571.95	1575.60	1580.00	1546.90	0.765 times
03 Wed Apr 2024	1575.60	1571.90	1592.60	1545.05	2.373 times
02 Tue Apr 2024	1564.05	1575.70	1595.20	1556.80	1.824 times
01 Mon Apr 2024	1575.70	1589.20	1595.05	1564.80	0.76 times
28 Thu Mar 2024	1589.20	1584.65	1595.00	1573.10	0.687 times
27 Wed Mar 2024	1584.65	1557.00	1590.00	1557.00	0.621 times
26 Tue Mar 2024	1557.20	1544.75	1566.75	1538.10	0.759 times
22 Fri Mar 2024	1555.55	1518.45	1563.95	1516.90	0.588 times
21 Thu Mar 2024	1529.70	1482.85	1540.00	1482.85	0.664 times

Stock of Poly Medicure (POLYMED) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1585.3 as stoploss in an intra day sell trade for a target of 1525.53. However, stock will show a bullish move above 1585.3.

Share price targets for Poly Medicure (POLYMED)

Target Type	Value
Downside Target	1361.00
Downside Target	1415.00
Downside Target	1538.10
Upside Target	1577.75
Upside Target	1595.00
Upside Target	1595.20
Upside Target	1652.00
Upside Target	1677.00
Upside Target	1729.00

Intraday share price targets for Poly Medicure (POLYMED)

Target Type	Value
Downside Intraday Target	1543.33
Downside Intraday Target	1519.12
Upside Intraday Target	1593.48
Upside Intraday Target	1619.42
Upside Intraday Target	1569.27

Weekly technical analysis of Poly Medicure (POLYMED)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	1567.55	1589.20	1595.20	1545.05	5.062 times
28 Thu Mar 2024	1589.20	1544.75	1595.00	1538.10	0.412 times
22 Fri Mar 2024	1555.55	1415.10	1563.95	1415.00	0.37 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Poly Medicure (POLYMED)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	1567.55	1589.20	1595.20	1545.05	0.323 times
28 Thu Mar 2024	1589.20	1571.00	1652.00	1373.00	0.466 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

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

Price action analysis of Poly Medicure ( (POLYMED) ) 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 Poly Medicure ( (POLYMED) ) 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 Poly Medicure stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Poly Medicure 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.

Poly Medicure 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 red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Poly Medicure 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 positive zone. This is a BUY zone

Stock of Poly Medicure is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1568.11 and Poly Medicure (POLYMED) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 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.