POLYCAB - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 4.2

⚡ Intraday Trading Analysis for POLYCAB

📊 Technical & Momentum Overview

Current Price: ₹7,450 — very close to its 52-week high of ₹7,607, indicating strong bullish momentum.

RSI at 68.8: Approaching overbought territory, but still favorable for momentum continuation.

MACD at 113: Strong bullish crossover, confirming upward momentum.

Volume: 1.89L vs 2.15L average — slightly below average, but price strength compensates.

📈 Fundamental Snapshot

Strong ROCE (29.7%) & ROE (21.4%): Excellent operational efficiency.

Low Debt-to-Equity (0.01): Financially robust.

Quarterly PAT Decline: ₹731 Cr → ₹568 Cr — slight dip, but overall profitability remains strong.

PEG Ratio of 1.58: Fairly valued relative to growth.

Institutional Activity: FII (+0.34%) and DII (+0.66%) increased holdings — positive sentiment.

🎯 Intraday Strategy

✅ Optimal Buy Price

Buy Zone: ₹7,420–₹7,440

Entry near minor support; confirm with MACD slope and RSI holding below 70.

💰 Profit-Taking Levels

Target 1: ₹7,490 (minor resistance)

Target 2: ₹7,530 (next resistance zone)

Aggressive Target: ₹7,580+ only if RSI crosses 70 and MACD continues to rise

🛡️ Stop-Loss

Stop-Loss Level: ₹7,390

Breach below this level signals breakdown risk and invalidates intraday setup.

🕒 Exit Strategy If Already Holding Today

Exit on Strength

If price nears ₹7,530–₹7,580 and RSI rises above 70 with volume surge, consider booking profits.

Exit on Weakness

If MACD flattens or RSI drops below 66 with price rejection at ₹7,490, exit partially.

Full exit if price breaks below ₹7,390 with rising volume.

POLYCAB presents a strong intraday setup today, backed by bullish momentum and solid fundamentals. Ideal for breakout trades with disciplined risk control. Let me know if you'd like to track this live or compare with other electricals and cables sector leaders.

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