Polycab India falls 1.50%, snaps three-day gain run

Polycab India was down 1.50% at 8,185.5 at 2:50 pm on 8 October 2026 and stayed below its 200-day SMA of 8,398.3, with support at 7,883 and resistance at 8,463. Polycab India Limited [

] was trading at 8,185.5 at 2:50 pm on 8 October 2026, down 1.50%. The fall snaps a three-day winning streak. The stock opened at 8,255.0 and reached a high of 8,394.5, just below its 200-day SMA of 8,398.3. Price was rejected near that average and slipped to a low of 8,167.0. The previous close was 8,310.0. Price has stayed below the 200-day SMA since early September. The stock is also about 18% below the June high near 10,000. This shows the broader trend is still weak. RSI is 42.47, above its average of 39.13, after dipping close to the 30 zone in late September. Momentum has improved slightly, but it is still below the 50 mark. Support is placed at 7,883, near the recent swing low. A close below it may open more downside. Resistance is placed at 8,463, above the SMA. A close above 8,463 may show that buyers have regained the average. Traders may watch how price reacts near 8,398 in the next sessions. Final numbers may differ, as the day is not over. Disclosure & Disclaimer: I and my family members do not hold any position in the stock discussed. This content is provided solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell any security. Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.