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

Adani Wilmar Limited

Symbol: NSE:AWL

ISIN: INE699H01024

333.65

As on 2024-11-08

285.80 (52W Low) 410.50 (52W High)

AWL's Today's Performance

Adani Wilmar Limited started the day by opening at 344.90 today 2024-11-08. Its shares reached a high of 344.90 and dipped to a low of 332.00 in intraday. When the markets closed, AWL’s stock price settled at ₹333.65 per share. Also check out its key support and resistance levels.

AWL Buy/Sell Targets

Tomorrow, sell AWL when its price reaches ₹ 333.65 with a stop-loss order at ₹ 338.05. You can set the target price as ₹ 329.25 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 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 1 342
Tomorrow Down Target 2 350
Tomorrow Down Target 3 355

Important Levels for AWL

Holding Levels Value in ₹
Tomorrow Up Target 1 329
Tomorrow Up Target 2 324
Tomorrow Up Target 3 316
Based on where the stock opens tomorrow, if AWL opens on a positive note, our first target will be ₹342. If Target 1 is achieved, we will aim for Target 2 which is ₹350.

But if AWL falls below the average value of ₹336.85, you can enter a sell side position with target number 1 - ₹329 and second target - ₹324 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 reverse its trend from downside (Short term bullish outlook) and we can get target of ₹345 in morning tomorrow
Target 1 tomorrow342
Target 2 tomorrow345
Target 3 tomorrow350
 

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 ₹341.70. If Target 1 is achieved, we will aim for Target 2 which is ₹349.75.

But if AWL falls below the average value of ₹336.85, you can enter a sell side position with target number 1 - ₹328.80 and second target - ₹323.95

AWL's Weekly Targets
1st Up Target 346.37
2nd Up Target 359.08
1st Down Target 323.57
2nd Down Target 313.48

As the week for AWL ended on bearish sentiments, we can expect further continuation of this sentiment. AWL's initial target will be 346.37 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 323.57 in the upcoming week.

Weekly OHLC Values
Open 342.70
High 349.00
Low 326.20
Close 333.65

Week for AWL started with an open price of 342.70, and the close was at 333.65. AWL reached the highest of 349.00 and dipped lowest up to 326.20 last week. This indicates a bearish sentiment for the week.

AWL full month swing targets
Monthly Up Target 1 369.17
Monthly Up Target 2 381.88
Monthly Down Target 1 300.77
Monthly Down Target 2 267.88

Targets of ₹369.17 can be expected to be reached in the coming month. Once AWL achieved this target, we can aim for the next upside target of ₹381.88.

AWL if fails to hold upside, down targets of ₹300.77 and ₹267.88 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 341.70 in tomorrow's trading session.

After achieving the initial target in AWL, we will aim for higher targets of 349.75 tomorrow.

However, if AWL starts to trade below ₹336.85, then we will shift our focus to the sell side and aim for down targets of 328.80 and 323.95.