Login or Join
Learn then Earn

(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 854862

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 6490.95 6510.95 6542.90 6451.10 0.358 times
16 Thu May 2024 6470.30 6482.15 6531.75 6420.00 0.402 times
15 Wed May 2024 6466.90 6397.85 6534.70 6284.35 0.785 times
14 Tue May 2024 6323.55 6430.00 6480.00 6250.90 0.593 times
13 Mon May 2024 6430.90 6269.00 6468.90 6222.25 2.092 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 6253.8, but if it comes below 6253.8, then a intra day sell could be more profitable.
If you take a sell trade below 6253.8, then use 6253.8 as stoploss and 5887.32 as target. However if you take a buy trade in stock , then use 6253.8 as stoploss and 6693.6 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 5434.15
Downside Target 5689.90
Downside Target 5789.00
Downside Target 5869.90
Downside Target 6222.25
Downside Target 6362.95
Upside Target 6542.90

Intraday share price targets for Polycab India (POLYCAB)

Target Type Value
Downside Intraday Target 6294.5
Downside Intraday Target 6098.05
Upside Intraday Target 6615.15
Upside Intraday Target 6739.35
Downside Intraday Target 6418.7

Weekly technical analysis of Polycab India (POLYCAB)

Date Weekly Closing Price Open High Low Volume
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
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

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
17 Fri May 2024 6490.95 5700.00 6542.90 5680.00 1.242 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, 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)

Indicator Name Indicator Value Indicator Signal
ADX 30, 4, 75 Buy
MACD 587, 513Buy
Stochastics 93Buy
CCI 85Buy
RSI 60Buy
OBV 8581504Sell
VWAP 6220Buy
ADL 0Sell
ROC 11Buy
Force Index 0Sell

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 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 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 stronger in this stock.

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

Although the stock is in the BUY zone, but buying 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 6219.81 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.

Click here for Polycab India charts

Click here for further forecast and predictions for tomorrow

Learn then Earn
Back to top | Use Dark Theme