Polycab India Ltd. Weekly Chart 📊 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
Long
