Signals, Powered By EquityPandit
Polycab closed the previous week on a negative note losing 3.81%.
Technically, Polycab share price will see immediate support at 5,194.30 and immediate resistance would be seen at 5,398.15.
If Polycab share price closes below immediate support of 5,194.30, then sharp breakdown can be seen. Polycab share price will see major support at 5,065.30 for the week.
On the positive side, immediate resistance will be seen at 5,398.15. Closing above 5,398.15, Polycab share price will see a sharp breakout. Major resistance for Polycab share price will be seen at 5,473.00 for the week.
Trading range for Polycab share price for this week should be between 4,990.45 on down side and 5,602.00 on up side.
Polycab Previous Week High: 5344
Polycab Previous Week Low: 5140.15
Polycab Previous Week Range: 203.85 Points
Polycab share price support and resistance for the week (October 16, 2023 – October 20, 2023)
| Level Type | Value |
|---|---|
| Resistance 3 | 5,602.00 |
| Resistance 2 | 5,473.00 |
| Resistance 1 | 5,398.15 |
| Support 1 | 5,194.30 |
| Support 2 | 5,065.30 |
| Support 3 | 4,990.45 |
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