Overall Technical outlook

Price Summary

On 2025-04-25, Polycab India Limited's stock opened at 5540.0, peaked at 5585.0, hit a low of 5386.0, and closed -0.6% lower at 5507.0, with 669705 shares changing hands.
The stock reached its highest price of 7541.35 and lowest price of 4679.55 over the last 52 weeks.
28 analysts forecast that the price of POLYCAB will range from 3780.0 to 8326.0, with an average expected price near 6718.2144.

Technicals

Support and Resistance: At 5507.0, the price is supported by 5414.2 and resisted by 5674.65. This indicates that the price for Polycab India Limited might fluctuate between these levels, with 5414.2 acting as a support and 5674.65 limiting further upward movement.
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Support/Resistance for POLYCAB


Aroon: The AROON is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation.
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Aroon chart for Polycab India Limited


Bol. Bands: The current reading of the BOLL BANDS is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place.
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Bolinger Bands chart for Polycab India Limited


Parabolic SAR: The PSAR remains bullish, reinforcing a significant support level. This steady support suggests that the market's upward trend may continue, providing a solid foundation for potential gains for POLYCAB. Investors might see this as an opportunity to capitalize on the ongoing bullish sentiment.
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Parabolic Stop and Reverse chart for Polycab India Limited


Stochastic: The stochastic indicator shows the K-line dropping below the D-line but staying above 80, indicating the possible start of a bearish price move. This setup may signal that the market's recent momentum is waning, which could result in a downturn. Traders should remain vigilant for additional signs of weakness for Polycab India Limited.
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Stochastic chart for Polycab India Limited


Tripple Moving Agerage: The current state of the Tripple MOVING AVG is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment.
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Tripple SMA chart for Polycab India Limited


When evaluating a company's technical indicators like price trends and trading volume, it's important to also assess its fundamentals. Key factors include the company's profitability, growth rate, and financial stability. Furthermore, considering the industry within which the company operates provides additional context, as factors like competition and market demand can affect performance. By combining this analysis, you can make more informed judgments about the company's future prospects.