(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 872410
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Wed May 2024 | 6561.80 | 6778.00 | 6778.00 | 6530.00 | 0.489 times |
| 21 Tue May 2024 | 6693.55 | 6500.50 | 6843.95 | 6500.50 | 1.097 times |
| 20 Mon May 2024 | 6496.25 | 6538.00 | 6538.00 | 6471.05 | 0.033 times |
| 17 Fri May 2024 | 6490.95 | 6510.95 | 6542.90 | 6451.10 | 0.351 times |
| 16 Thu May 2024 | 6470.30 | 6482.15 | 6531.75 | 6420.00 | 0.394 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 6439.6, but if it comes below 6439.6, then a intra day sell could be more profitable.
If you take a sell trade below 6439.6, then use 6439.6 as stoploss and 6063.85 as target. However if you take a buy trade in stock , then use 6439.6 as stoploss and 6890.5 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 | 5315.90 |
| Downside Target | 5530.45 |
| Downside Target | 6222.25 |
| Downside Target | 6362.95 |
| Downside Target | 6471.05 |
| Downside Target | 6542.90 |
| Upside Target | 6843.95 |
Intraday share price targets for Polycab India (POLYCAB)
| Target Type | Value |
| Downside Intraday Target | 6407.25 |
| Downside Intraday Target | 6252.7 |
| Upside Intraday Target | 6780.15 |
| Upside Intraday Target | 6998.5 |
| Upside Intraday Target | 6625.6 |
Weekly technical analysis of Polycab India (POLYCAB)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Wed May 2024 | 6561.80 | 6538.00 | 6843.95 | 6471.05 | 0.391 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 |
| 26 Fri Apr 2024 | 5593.65 | 5331.00 | 5689.90 | 5315.90 | 1.226 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 |
| 22 Wed May 2024 | 6561.80 | 5700.00 | 6843.95 | 5680.00 | 1.434 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 | 34, 3, 84 | Buy |
| MACD | 621, 572 | Buy |
| Stochastics | 85 | Buy |
| CCI | 89 | Sell |
| RSI | 58 | Buy |
| OBV | 8637174 | Sell |
| VWAP | 6339 | Buy |
| ADL | 0 | Sell |
| ROC | 11 | Buy |
| Force Index | 0 | Sell |
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 losing momentum.
MACD generated a BUY signal for Polycab India in short term and the buy signal is strong.
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 red color and prices are in or above the red 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 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 6338.99 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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