Overall Technical outlook

Price Summary

On 2025-05-30, Polycab India Limited's shares started at 6014.0, peaked at 6045.0, bottomed out at 5958.5, and ended -0.38% lower at 5991.0, with 286637 shares traded.
The stock's highest price over the 52-week span is 7541.35, while the lowest price is 4679.55.
The anticipated price is forecasted to be between 3780.0 and 8326.0, with an average price expectation of 6718.2144, based on input from 28 analysts.

Technicals

Support and Resistance: The price of 5991.0 is supported at 5674.65 and faces resistance at 6037.3. This range suggests key levels for POLYCAB where the price may stabilize, with 5674.65 acting as a support and 6037.3 as a cap on gains.
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Support/Resistance for POLYCAB


Aroon: The AROON is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move.
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Aroon chart for Polycab India Limited


Bol. Bands: The current state of the BOLL BANDS is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction.
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Bolinger Bands chart for Polycab India Limited


Parabolic SAR: The PSAR remains in a bearish mode, setting a resistance level that could impede any upward movement. This resistance indicates that the market may continue to face bearish pressure, with limited potential for breaking higher.
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Parabolic Stop and Reverse chart for Polycab India Limited


Stochastic: The current state of the STOCHASTIC 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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Stochastic chart for Polycab India Limited


Tripple Moving Agerage: The Tripple MOVING AVG is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments.
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Tripple SMA chart for Polycab India Limited


When analyzing a company, its fundamentals—such as earnings, management efficiency, and strategic initiatives—must be considered alongside technical data. The context of the industry in which the company operates also plays a key role, as market trends and competitive dynamics can significantly impact performance. By taking a comprehensive approach, combining both fundamental and technical analysis, one can gain a deeper understanding of the company's potential for growth or risk.