Is Polycab India technically bullish or bearish?

Sep 04 2025 08:10 AM IST
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As of September 3, 2025, Polycab India shows a bullish trend supported by a bullish MACD and Bollinger Bands, though caution is advised due to a bearish weekly RSI indicating short-term weakness.
As of 3 September 2025, the technical trend for Polycab India has changed from mildly bullish to bullish. The current stance is bullish with moderate strength. Key indicators driving this include a bullish MACD on the weekly chart and bullish signals from Bollinger Bands on both weekly and monthly time frames. Daily moving averages also confirm a bullish trend. However, the weekly RSI is bearish, indicating some short-term weakness. Overall, the combination of these indicators suggests a bullish outlook, albeit with caution due to mixed signals in the RSI and monthly MACD.
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