Polycab India Ltd.
Long

Polycab India Ltd. Weekly Chart

194
📊 Weekly Support & Resistance (Latest Outlook)

Week: Feb 23–27, 2026

Resistance 1 (R1): ~₹8,022

Resistance 2 (R2): ~₹8,175

Resistance 3 (R3): ~₹8,418

Support 1 (S1): ~₹7,626

Support 2 (S2): ~₹7,383

Support 3 (S3): ~₹7,230
Trading range expected: ₹7,230 – ₹8,418 for the week.

📈 Weekly Technical Themes

Bullish bias: Some analyses indicate sustained upward momentum with higher resistance levels above ₹8,000.

Overbought warning: Weekly RSI on some chart analyses is strongly overbought, suggesting possible short-term consolidation before extension higher.

Pivot/Moving averages: Mixed signals around short timeframes with consolidation zones identified before strong breakouts.

📌 What This Means for the Next Week

Upside scenario:

A breakout above ~₹8,000–₹8,022 could lead to further gains toward ₹8,175–₹8,418.

Downside risk:

If the price drops below ~₹7,626–₹7,383, momentum may weaken and test lower support near ₹7,230.

📍 Key Levels to Watch (Summary)

Bullish Breakouts: ~₹8,000+

Strong Weekly Resistance: ₹8,175 – ₹8,418

Initial Support: ₹7,626

Deeper Support: ₹7,383 – ₹7,230

Thông báo miễn trừ trách nhiệm

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