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Price and trend forecast of WABAG for Tomorrow, Weekly, Monthly

VA Tech Wabag Limited

Symbol: NSE:WABAG

ISIN: INE956G01038

966.65

As on 2024-05-27

435.45 (52W Low) 1,030.00 (52W High)

WABAG's Today's Performance

VA Tech Wabag Limited started the day by opening at 942.95 today 2024-05-27. Its shares reached a high of 979.95 and dipped to a low of 924.55 in intraday. When the markets closed, WABAG’s stock price settled at ₹966.65 per share. Also check out its key support and resistance levels.

WABAG Buy/Sell Targets

Tomorrow, buy WABAG when its price reaches ₹ 966.65 with a stop-loss order at ₹ 947.69. You can set the target price as ₹ 985.61 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of WABAG for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for WABAG

Downside Targets Value in ₹
Tomorrow Down Target 1 990
Tomorrow Down Target 2 1,012
Tomorrow Down Target 3 1,045

Important Levels for WABAG

Holding Levels Value in ₹
Tomorrow Up Target 1 934
Tomorrow Up Target 2 902
Tomorrow Up Target 3 879
Based on where the stock opens tomorrow, if WABAG opens on a positive note, our first target will be ₹990. If Target 1 is achieved, we will aim for Target 2 which is ₹1,012.

But if WABAG falls below the average value of ₹957.05, you can enter a sell side position with target number 1 - ₹934 and second target - ₹902 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of WABAG

Looking at WABAG, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, WABAG has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for WABAG is moderate bearish.

Tomorrow's Volume based share price Forecast for WABAG

WABAG's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 26%.

Reversal detection for WABAG

Predicted trend chart of WABAG tomorrow for price forecast
WABAG may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹946 in morning tomorrow
Target 1 tomorrow978
Target 2 tomorrow991
Target 3 tomorrow1012
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with WABAG's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if WABAG opens on a positive note, our first target will be ₹989.55. If Target 1 is achieved, we will aim for Target 2 which is ₹1,012.45.

But if WABAG falls below the average value of ₹957.05, you can enter a sell side position with target number 1 - ₹934.15 and second target - ₹901.65

WABAG's Weekly Targets
1st Up Target 989.55
2nd Up Target 1,012.45
1st Down Target 934.15
2nd Down Target 901.65

As the week for WABAG ended on bullish sentiments, we can expect further continuation of this sentiment. WABAG's initial target will be 989.55 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 934.15 in the upcoming week.

Weekly OHLC Values
Open 942.95
High 979.95
Low 924.55
Close 966.65

Week for WABAG started with an open price of 942.95, and the close was at 966.65. WABAG reached the highest of 979.95 and dipped lowest up to 924.55 last week. This indicates a bullish sentiment for the week.

WABAG full month swing targets
Monthly Up Target 1 1,044.95
Monthly Up Target 2 1,067.85
Monthly Down Target 1 878.75
Monthly Down Target 2 790.85

Targets of ₹1,044.95 can be expected to be reached in the coming month. Once WABAG achieved this target, we can aim for the next upside target of ₹1,067.85.

WABAG if fails to hold upside, down targets of ₹878.75 and ₹790.85 can be achieved by end of this month.

For complete three weeks if WABAG is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

WABAG is expected to reach the target of 989.55 in tomorrow's trading session.

After achieving the initial target in WABAG, we will aim for higher targets of 1,012.45 tomorrow.

However, if WABAG starts to trade below ₹957.05, then we will shift our focus to the sell side and aim for down targets of 934.15 and 901.65.