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

Adani Wilmar Limited

Symbol: NSE:AWL

ISIN: INE699H01024

325.20

As on 2024-07-24

285.80 (52W Low) 422.70 (52W High)

AWL's Today's Performance

Adani Wilmar Limited started the day by opening at 324.65 today 2024-07-24. Its shares reached a high of 328.40 and dipped to a low of 323.30 in intraday. When the markets closed, AWL’s stock price settled at ₹325.20 per share. Also check out its key support and resistance levels.

AWL Buy/Sell Targets

Tomorrow, buy AWL when its price reaches ₹ 325.20 with a stop-loss order at ₹ 320.03. You can set the target price as ₹ 330.38 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 AWL 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 AWL

Downside Targets Value in ₹
Tomorrow Down Target 1 328
Tomorrow Down Target 2 331
Tomorrow Down Target 3 333

Important Levels for AWL

Holding Levels Value in ₹
Tomorrow Up Target 1 323
Tomorrow Up Target 2 321
Tomorrow Up Target 3 318
Based on where the stock opens tomorrow, if AWL opens on a positive note, our first target will be ₹328. If Target 1 is achieved, we will aim for Target 2 which is ₹331.

But if AWL falls below the average value of ₹325.63, you can enter a sell side position with target number 1 - ₹323 and second target - ₹321 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 AWL

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

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

Tomorrow's Volume based share price Forecast for AWL

AWL'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 -49%.

Reversal detection for AWL

Predicted trend chart of AWL tomorrow for price forecast
AWL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹324 in morning tomorrow
Target 1 tomorrow328
Target 2 tomorrow329
Target 3 tomorrow331
 

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 AWL'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 AWL opens on a positive note, our first target will be ₹327.97. If Target 1 is achieved, we will aim for Target 2 which is ₹330.73.

But if AWL falls below the average value of ₹325.63, you can enter a sell side position with target number 1 - ₹322.87 and second target - ₹320.53

AWL's Weekly Targets
1st Up Target 332.60
2nd Up Target 340.00
1st Down Target 316.65
2nd Down Target 308.10

As the week for AWL ended on bullish sentiments, we can expect further continuation of this sentiment. AWL's initial target will be 332.60 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 316.65 in the upcoming week.

Weekly OHLC Values
Open 318.00
High 331.45
Low 315.50
Close 325.20

Week for AWL started with an open price of 318.00, and the close was at 325.20. AWL reached the highest of 331.45 and dipped lowest up to 315.50 last week. This indicates a bullish sentiment for the week.

AWL full month swing targets
Monthly Up Target 1 348.55
Monthly Up Target 2 355.95
Monthly Down Target 1 300.70
Monthly Down Target 2 276.20

Targets of ₹348.55 can be expected to be reached in the coming month. Once AWL achieved this target, we can aim for the next upside target of ₹355.95.

AWL if fails to hold upside, down targets of ₹300.70 and ₹276.20 can be achieved by end of this month.

For complete three weeks if AWL 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

AWL is expected to reach the target of 327.97 in tomorrow's trading session.

After achieving the initial target in AWL, we will aim for higher targets of 330.73 tomorrow.

However, if AWL starts to trade below ₹325.63, then we will shift our focus to the sell side and aim for down targets of 322.87 and 320.53.