POLYCAB - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

IntraDay Trade Rating: 4.3

POLYCAB is showing a very promising intraday setup with strong technical momentum, solid fundamentals, and rising institutional interest. Here’s how to play it smart today

📊 Technical & Momentum Snapshot

RSI: 62.6 → Bullish and trending toward overbought; favoring upside continuation.

MACD: +142 → Clear positive momentum, suggesting strength in price movement.

Volume: 2.73L vs Avg 2.57L → Slightly above average; confirms sustained trading interest.

🔎 Trend Zone Analysis

Current Price: ₹6,962

Trading above both DMA 50 (₹6,471) and DMA 200 (₹6,153) → Strong bullish structure.

Support Zones: ₹6,920 and ₹6,880

Resistance Levels: ₹7,020 and ₹7,070

📈 Intraday Strategy

✅ If initiating a trade

Optimal Buy Price: ₹6,940–₹6,960 (look for dip near support with RSI holding above 60)

Profit Booking Zones

₹7,020 → conservative resistance

₹7,070 → optimistic target if volume moves past 3.2L and RSI pushes above 65

Stop-Loss: ₹6,900

🔁 If already holding today

Hold Strategy

Stay in if price sustains above ₹6,960 and RSI remains above 61

Watch for MACD expansion and volume increase toward 3L+

Exit Triggers

Exit near ₹7,020 if RSI begins flattening and MACD slows

On breakout past ₹7,070, trail stop-loss to ₹6,960 and aim for ₹7,120

⚠️ Caution Flags

High valuation (P/E 47.3 vs Industry PE 30.3) → Can lead to profit booking post spikes

Quarterly Profit Dip (from ₹727 Cr. to ₹592 Cr.) → Not alarming, but sentiment-sensitive

FII/DII activity positive, but modest → Institutional mood cautiously optimistic

This setup is momentum-friendly with a clean chart structure—ideal for disciplined intraday plays. Let me know if you’d like to pair POLYCAB with other sector movers or scan for continuation breakout setups across midcaps. There's always another candle to catch 🔥📈.

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