POLYMED - Technical Analysis

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

Technical Rating: 2.3

Here’s a detailed technical breakdown of Poly Medicure Ltd. (₹1,977) based on current indicators and chart patterns

📊 Trend Analysis

Current Trend: Bearish with oversold signals

Price Action: Trading below both 50-DMA (₹2,192) and 200-DMA (₹2,267) — confirms downward pressure.

RSI (28.6): Deep in oversold territory — potential for short-term bounce.

MACD (-58.4): Strong negative divergence — confirms bearish momentum.

Volume: Slightly above 1-week average — suggests active selling or early accumulation.

📈 Moving Averages

Indicator Value (₹) Signal

50-DMA 2,192 Bearish (Price < DMA)

200-DMA 2,267 Bearish (Price < DMA)

📉 Momentum Indicators

RSI: 28.6 — oversold, watch for reversal signs.

MACD: Deeply negative — confirms downtrend.

Bollinger Bands: Price likely near lower band — potential support zone forming.

🔍 Volume Trends

Current Volume: 85K

1W Avg Volume: 79K

Interpretation: Slight volume uptick — may indicate early accumulation or panic selling.

📌 Support & Resistance Zones

Level Price (₹)

Support 1 1,950

Support 2 1,788 (52W Low)

Resistance 1 2,050

Resistance 2 2,192 (50-DMA)

Resistance 3 2,267 (200-DMA)

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹1,788–₹1,950 (oversold zone)

Exit Zone: ₹2,050–₹2,192 (near resistance)

Stop Loss: ₹1,750 (below 52W low)

🧭 Conclusion

Trend: Bearish with oversold signals

Momentum: Weak, but reversal potential emerging

Recommendation: Ideal for contrarian entry near ₹1,800 with tight stop loss. Watch for RSI bounce and MACD flattening before confirmation.

You can explore live technical charts and signals on TradingView’s POLYMED page or Trendlyne’s technical dashboard

1

2

3

. Want to compare it with other healthcare equipment stocks or explore its PEG valuation next?

1

in.tradingview.com

2

justticks.in

3

trendlyne.com

Edit in a page