Is Polycab India technically bullish or bearish?

Jul 17 2025 08:08 AM IST
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As of July 16, 2025, Polycab India shows a mildly bullish trend, supported by positive weekly MACD and Bollinger Bands, though caution is advised due to a bearish weekly RSI and mildly bearish daily moving averages.
As of 16 July 2025, the technical trend for Polycab India has changed from sideways to mildly bullish. The current stance is mildly bullish, driven by several key indicators. The weekly MACD is bullish, supporting the positive momentum, while the monthly MACD is mildly bearish, indicating some caution. The Bollinger Bands are bullish on both weekly and monthly time frames, suggesting price strength. However, the weekly RSI is bearish, which may signal overbought conditions. Moving averages on the daily chart are mildly bearish, contrasting with the overall bullish sentiment from the weekly Dow Theory, which is mildly bullish. Overall, the mixed signals indicate a cautiously optimistic outlook for Polycab India in the near term.
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