POLYCAB - Technical Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to Technical ListTechnical Rating: 4.6
Here’s a detailed technical breakdown of Polycab India Ltd (POLYCAB) based on the data you provided and current market indicators
📊 Trend Analysis
Current Trend: Trending upward
The stock is trading above both its 50 DMA (₹6,471) and 200 DMA (₹6,153), indicating a strong bullish trend.
RSI at 62.6 suggests moderate bullish momentum but not yet overbought.
MACD at 142 is positive and rising, confirming upward momentum.
📈 Chart Patterns & Indicators
Moving Averages
All major moving averages (MA5 to MA200) are showing Buy signals
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Price is comfortably above short-term and long-term averages.
RSI (14): 62.6
Indicates bullish strength but still below the overbought threshold of 70.
MACD (12,26): 142
Strong bullish crossover confirmed; momentum is accelerating.
Volume Trends
Current volume (2,72,769) is slightly above the 1-week average (2,57,519), supporting the price action.
Bollinger Bands
Price is near the upper band, suggesting strength but also caution for short-term pullback.
🔍 Momentum Signals
Short-Term Momentum: Strong
ADX (14): 42.5 (indicates a strong trend)
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Stochastic RSI: Overbought zone (81.0) — watch for potential short-term consolidation
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📌 Support & Resistance Zones
Level Price (₹)
Support 1 6,909
Support 2 6,842
Resistance 1 7,029
Resistance 2 7,096
Resistance 3 7,216
These levels are based on pivot point calculations
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🎯 Optimal Entry & Exit Zones
Entry Zone: ₹6,880–₹6,920 (near support, if price pulls back)
Exit Zone: ₹7,090–₹7,200 (near resistance levels)
🧭 Conclusion
Trend: Bullish
Momentum: Strong
Volatility: Moderate
Suggested Action: Watch for minor pullbacks to enter. If price breaks ₹7,096 with volume, it could test ₹7,216 next.
If you’d like, I can also help you track this stock’s movement over the next few days or compare it with peers. Want to dive deeper into fundamentals or news catalysts?
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in.investing.com
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www.moneycontrol.com
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