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Technicals for Polycab India Limited
By MusingTheNews
2025-09-04 20:39
Overall Technical outlook
Price Summary
Polycab India Limited's stock opened at 7250.0 on 2025-09-04, surged to 7325.0, dropped to 7236.0, and ended 0.1% higher at 7257.0, with 197444 shares traded. The highest price the stock achieved in the past 52 weeks is 7541.35, while the lowest price it saw is 4679.55. 31 analysts estimate that the future price of POLYCAB will fall between 5215.0 and 9011.0, with an average price expectation of approximately 7563.2256.
Technicals
Aroon: The Aroon indicator continues to show a bullish trend, with Aroon Up remaining at the 100 level. This suggests strong upward momentum, but the trend should be examined further using other indicators to confirm its strength and potential for continuation for POLYCAB. Aroon chart for Polycab India Limited
Bol. Bands: The BOLL BANDS is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Bolinger Bands chart for Polycab India Limited
Parabolic SAR: The PSAR remains bullish in its outlook, establishing a key support level that could serve as a foundation for further upward movement. This persistent bullish stance suggests that the market may continue to trend higher, with the established support providing a potential safety net for investors. Parabolic Stop and Reverse chart for Polycab India Limited
Stochastic: The stochastic indicator shows the K-line below the D-line and above 80, pointing to the potential onset of a bearish price move. This setup could indicate that the market's recent gains are starting to reverse, possibly leading to a downturn. Traders should monitor this closely for further bearish signals. Stochastic chart for Polycab India Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned in a bearish pattern, indicating a downtrend. However, the slopes of the 20 and 50 SMAs are showing signs of wavering, suggesting that the bearish momentum for POLYCAB may be fading. This could signal a potential shift towards bullish price action, as the market's downward trajectory begins to lose strength and prepares for a possible reversal. Tripple SMA chart for Polycab India Limited
To accurately interpret a company's technical data, it is important to first examine its fundamentals. These include financial performance, management quality, and growth prospects. In addition, understanding the dynamics of the industry in which the company operates—such as competition, market trends, and regulatory factors—provides further insights. This combined analysis helps create a fuller picture, allowing for more precise conclusions to be drawn from the company's technical performance and stock behavior.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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