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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 477406

Date Daily Closing Price Open High Low Volume
31 Fri May 2024 6741.65 6741.90 6852.00 6621.55 2.343 times
30 Thu May 2024 6714.10 6747.75 6767.00 6698.00 0.487 times
29 Wed May 2024 6747.75 6700.00 6778.95 6650.05 0.503 times
28 Tue May 2024 6706.60 6870.00 6899.85 6685.00 0.626 times
27 Mon May 2024 6839.45 6722.00 6900.00 6701.50 1.584 times

Stock of Polycab India (POLYCAB) has showed a significant upmove. This could be a good time to enter in 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 6756.7 as stoploss in an intra day sell trade for a target of 6430.06. However, stock will show a bullish move above 6756.7.

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 5530.45
Downside Target 6222.25
Downside Target 6362.95
Downside Target 6471.05
Downside Target 6542.90
Downside Target 6621.55
Upside Target 6843.95
Upside Target 6900.00

Intraday share price targets for Polycab India (POLYCAB)

Target Type Value
Downside Intraday Target 6608.8
Downside Intraday Target 6475.95
Upside Intraday Target 6887.25
Upside Intraday Target 7032.85
Upside Intraday Target 6754.4

Weekly technical analysis of Polycab India (POLYCAB)

Date Weekly Closing Price Open High Low Volume
31 Fri May 2024 6741.65 6722.00 6900.00 6621.55 1.243 times
24 Fri May 2024 6684.15 6538.00 6843.95 6471.05 0.588 times
17 Fri May 2024 6490.95 6269.00 6542.90 6222.25 0.733 times
10 Fri May 2024 6155.65 5863.00 6362.95 5680.00 3.465 times
03 Fri May 2024 5832.15 5600.00 5869.90 5573.00 0.696 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
31 Fri May 2024 6741.65 5700.00 6900.00 5680.00 1.89 times
30 Tue Apr 2024 5666.55 5073.00 5789.00 5073.00 0.898 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

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Polycab India (POLYCAB)

Indicator Name Indicator Value Indicator Signal
ADX 29, 4, 77 Buy
MACD 598, 612Sell
Stochastics 63None
CCI 50Buy
RSI 54Buy
OBV 9198151Sell
VWAP 6714Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

Price action analysis of Polycab India ( (POLYCAB) ) 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 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 gaining momentum.

MACD generated a SELL signal for Polycab India in short term but the sell signal is initial and weak.

Polycab India Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 moving up

CCI has generated a buy signal for Polycab India in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Polycab India is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6713.91 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.

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