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

Websol Energy System Limited

Symbol: NSE:WEBELSOLAR

ISIN: INE855C01015

604.00

As on 2024-05-27

82.20 (52W Low) 743.95 (52W High)

WEBELSOLAR's Today's Performance

Websol Energy System Limited started the day by opening at 619.00 today 2024-05-27. Its shares reached a high of 635.35 and dipped to a low of 601.10 in intraday. When the markets closed, WEBELSOLAR’s stock price settled at ₹604.00 per share. Also check out its key support and resistance levels.

WEBELSOLAR Buy/Sell Targets

Tomorrow, sell WEBELSOLAR when its price reaches ₹ 604.00 with a stop-loss order at ₹ 618.10. You can set the target price as ₹ 589.90 to capture potential gains. This sell 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 WEBELSOLAR 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 WEBELSOLAR

Downside Targets Value in ₹
Tomorrow Down Target 1 626
Tomorrow Down Target 2 648
Tomorrow Down Target 3 660

Important Levels for WEBELSOLAR

Holding Levels Value in ₹
Tomorrow Up Target 1 592
Tomorrow Up Target 2 579
Tomorrow Up Target 3 557
Based on where the stock opens tomorrow, if WEBELSOLAR opens on a positive note, our first target will be ₹626. If Target 1 is achieved, we will aim for Target 2 which is ₹648.

But if WEBELSOLAR falls below the average value of ₹613.48, you can enter a sell side position with target number 1 - ₹592 and second target - ₹579 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 WEBELSOLAR

Looking at WEBELSOLAR, 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, WEBELSOLAR has been on a Downward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for WEBELSOLAR

WEBELSOLAR'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 44%.

Reversal detection for WEBELSOLAR

Predicted trend chart of WEBELSOLAR tomorrow for price forecast
WEBELSOLAR may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹611 in morning tomorrow
Target 1 tomorrow627
Target 2 tomorrow635
Target 3 tomorrow648
 

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 WEBELSOLAR'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 WEBELSOLAR opens on a positive note, our first target will be ₹625.87. If Target 1 is achieved, we will aim for Target 2 which is ₹647.73.

But if WEBELSOLAR falls below the average value of ₹613.48, you can enter a sell side position with target number 1 - ₹591.62 and second target - ₹579.23

WEBELSOLAR's Weekly Targets
1st Up Target 625.87
2nd Up Target 647.73
1st Down Target 591.62
2nd Down Target 579.23

As the week for WEBELSOLAR ended on bearish sentiments, we can expect further continuation of this sentiment. WEBELSOLAR's initial target will be 625.87 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 591.62 in the upcoming week.

Weekly OHLC Values
Open 619.00
High 635.35
Low 601.10
Close 604.00

Week for WEBELSOLAR started with an open price of 619.00, and the close was at 604.00. WEBELSOLAR reached the highest of 635.35 and dipped lowest up to 601.10 last week. This indicates a bearish sentiment for the week.

WEBELSOLAR full month swing targets
Monthly Up Target 1 660.12
Monthly Up Target 2 681.98
Monthly Down Target 1 557.37
Monthly Down Target 2 510.73

Targets of ₹660.12 can be expected to be reached in the coming month. Once WEBELSOLAR achieved this target, we can aim for the next upside target of ₹681.98.

WEBELSOLAR if fails to hold upside, down targets of ₹557.37 and ₹510.73 can be achieved by end of this month.

For complete three weeks if WEBELSOLAR 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

WEBELSOLAR is expected to reach the target of 625.87 in tomorrow's trading session.

After achieving the initial target in WEBELSOLAR, we will aim for higher targets of 647.73 tomorrow.

However, if WEBELSOLAR starts to trade below ₹613.48, then we will shift our focus to the sell side and aim for down targets of 591.62 and 579.23.