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2022 Polycab India (POLYCAB) technical analysis [forecast] stock price targets

Polycab India technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis

Polycab India Polycab India option chain analysis

Date Close Open High Low Volume
25 Tue Jan 2475.70 2412.00 2516.55 2390.00 5.86 lakhs
24 Mon Jan 2463.40 2509.95 2509.95 2377.30 8.88 lakhs
21 Fri Jan 2510.85 2664.00 2698.00 2486.10 15.14 lakhs
20 Thu Jan 2681.20 2665.00 2711.00 2637.25 5.86 lakhs
19 Wed Jan 2654.60 2658.00 2702.40 2605.55 4.8 lakhs
POLYCAB chart

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 2427.6 as stoploss in an intra day buy trade for a target of 2529.55. However, stock will show a bearish move below 2427.6.

  • Daily Price action analysis of POLYCAB 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.

  • Daily Price action analysis of 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.

  • Daily Price action analysis of POLYCAB based on a mid 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

Intraday technical analysis of Polycab India

Stock is trading at 2410.45 as on 27 Thu Jan 11:05

Day open is at 2460.00, day high is at 2460.00, day low is at 2380.20, and day volume is at 40.8 lakhs so far.

First 15 minute high low range is 2400.20 - 2460.00

First hour high low range is 2380.20 - 2460.00

Date Intraday Price Open High Low Volume
27 Thu Jan 11:05 2410.45 2460.00 2460.00 2380.20 249949
27 Thu Jan 11:00 2419.50 2460.00 2460.00 2380.20 246895
27 Thu Jan 10:55 2416.85 2460.00 2460.00 2380.20 241657
27 Thu Jan 10:50 2417.50 2460.00 2460.00 2380.20 239324
27 Thu Jan 10:45 2415.65 2460.00 2460.00 2380.20 237208
Intraday POLYCAB chart

Trend of Polycab India is not defined as of yet. Wait for entry and exit levels given below.

Take a trade after 9:30am only.

Polycab India (POLYCAB) intraday stock price targets

  • EntEntry: 2430.1 or 2474.7
  • Upside target: 2460
  • Downside target : 2340.4
  • Second Upside target: 2559.4
  • Second Downside target : 2432.85

Polycab India (POLYCAB) weekly technical analysis

Date Weekly Close Open Range Volume
25 Tue Jan 2475.70 2509.95 2377.30
2516.55
14.731 lakhs
21 Fri Jan 2510.85 2700.00 2486.10
2771.75
38.531 lakhs
14 Fri Jan 2693.90 2485.35 2461.40
2759.90
43.973 lakhs
07 Fri Jan 2477.30 2470.00 2418.00
2535.00
15.904 lakhs
31 Fri Dec 2466.50 2333.00 2305.00
2478.60
11.613 lakhs
weekly POLYCAB chart

Weekly forecast of Polycab India is positive. Buyers dominated the stock this week, and this trend might continue for a few days

Weekly Price action analysis of Polycab India based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Weekly Price action analysis of Polycab India 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.

Polycab India (POLYCAB) Monthly technical analysis

Date Monthly Close Open Range Volume
25 Tue Jan 2475.70 2470.00 2377.30
2771.75
113.138 lakhs
31 Fri Dec 2466.50 2324.00 2207.20
2609.25
73.898 lakhs
30 Tue Nov 2305.95 2280.00 2142.00
2543.85
73.879 lakhs
29 Fri Oct 2261.40 2387.00 2121.10
2648.00
168.466 lakhs
30 Thu Sep 2389.00 2086.05 2030.35
2627.00
170.92 lakhs
monthly POLYCAB chart

Monthly forecast of Polycab India is negative. Sellers dominated the stock this month, and might continue to dominate in coming days too.

Monthly Price action analysis of Polycab India 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.

Monthly Price action analysis of Polycab India 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.

Polycab India Daily stock price targets

  • Upside daily target: 2798.93
  • Upside daily target: 2659.23
  • Upside daily target: 2489.63
  • Downside daily target: 2354.03

Polycab India Weekly stock price targets

  • Upside weekly target: 2876.15
  • Upside weekly target: 2668.78
  • Upside weekly target: 2496.8
  • Downside weekly target: 2377.38
  • Downside weekly target: 2253.45
  • Downside weekly target: 2112.43

Polycab India Monthly stock price targets

  • Upside monthly target: 2820.95
  • Upside monthly target: 2625.83
  • Downside monthly target: 2473.05
  • Downside monthly target: 2336.85
  • Downside monthly target: 2223.98
  • Downside monthly target: 2027.78
  • Downside monthly target: 1931.25
  • Downside monthly target: 1824.4
  • Downside monthly target: 1670.83
  • Downside monthly target: 1549.85
  • Downside monthly target: 1395.13

Polycab India (POLYCAB) indicators technical analysis

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

ADX buy sell signal for Polycab India stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Polycab India Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 2614.25 and Polycab India POLYCAB 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 Polycab India POLYCAB stock. Volume based technical analysis of Polycab India POLYCAB stock is negative.

Polycab India 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.

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