Technical Analysis Polycab India Ltd.

The

chart from late 2025 into early 2026, the stock has moved away from its aggressive up-only phase and entered a broad consolidation zone. There is strong resistance near the 7800 – 8000 levels. Every time the price approaches 8,000 sellers step in. Support the stock found significant buying interest around the 6800 – 7000 mark. The sharp recovery from the December/January dip shows that bulls are still defending the 7000 level. The most recent candles show a strong recovery. After a volatile drop in early January the stock has climbed back steadily toward the top of its range. The stock is currently trading very close to its recent highs. This is a make or break zone. If it can clear 7850 with high volume it could trigger a fresh breakout. Polycab is currently in a Wait and Watch or Buy on Dips mode. It is showing strength by recovering quickly from its lows but it needs to break the 8000 resistance convincingly to start a new leg of the bull run. If Polycab breaks the 7950 resistance it has the potential to hit 8500. Keep it on your radar for a swing trade. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.