POLYCAB

Trading in a Broad Range

is currently showing a neutral bias, moving within a well-defined range between ₹6,700–₹7,800. While the broader trend remains positive, the stock is facing resistance near the ₹7,800 zone and has yet to deliver a decisive breakout. Momentum indicators suggest moderate trend strength, but not enough to confirm a strong directional move. A sustained breakout above ₹7,850 could trigger fresh upside momentum, whereas a drop below ₹6,700 may shift the bias bearish. Until then, the stock appears range-bound with a wait-and-watch approach.