Stock Information Portal

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

Bansal Wire Industries Ltd

Symbol: NSE:BANSALWIRE

ISIN: N/A

356.75

As on 2024-07-12

256.00 (52W Low) 372.00 (52W High)

BANSALWIRE's Today's Performance

Bansal Wire Industries Ltd started the day by opening at 360.75 today 2024-07-12. Its shares reached a high of 364.00 and dipped to a low of 354.00 in intraday. When the markets closed, BANSALWIRE’s stock price settled at ₹356.75 per share. Also check out its key support and resistance levels.

BANSALWIRE Buy/Sell Targets

Tomorrow, sell BANSALWIRE when its price reaches ₹ 356.75 with a stop-loss order at ₹ 368.62. You can set the target price as ₹ 344.88 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 BANSALWIRE 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 BANSALWIRE

Downside Targets Value in ₹
Tomorrow Down Target 1 363
Tomorrow Down Target 2 368
Tomorrow Down Target 3 373

Important Levels for BANSALWIRE

Holding Levels Value in ₹
Tomorrow Up Target 1 353
Tomorrow Up Target 2 348
Tomorrow Up Target 3 343
Based on where the stock opens tomorrow, if BANSALWIRE opens on a positive note, our first target will be ₹363. If Target 1 is achieved, we will aim for Target 2 which is ₹368.

But if BANSALWIRE falls below the average value of ₹358.25, you can enter a sell side position with target number 1 - ₹353 and second target - ₹348 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 BANSALWIRE

Looking at BANSALWIRE, we've seen a N/A 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, BANSALWIRE has been on a N/A path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for BANSALWIRE is N/A.

Tomorrow's Volume based share price Forecast for BANSALWIRE

BANSALWIRE's No forecast available due to insufficient data.

Reversal detection for BANSALWIRE

Predicted trend chart of BANSALWIRE tomorrow for price forecast
BANSALWIRE may trend may continue to be bearish since stock is making lower low and we can get target of ₹359 in morning tomorrow
Target 1 tomorrow362
Target 2 tomorrow364
Target 3 tomorrow368
 

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 BANSALWIRE'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 BANSALWIRE opens on a positive note, our first target will be ₹362.50. If Target 1 is achieved, we will aim for Target 2 which is ₹368.25.

But if BANSALWIRE falls below the average value of ₹358.25, you can enter a sell side position with target number 1 - ₹352.50 and second target - ₹348.25

BANSALWIRE's Weekly Targets
1st Up Target 400.50
2nd Up Target 444.25
1st Down Target 284.50
2nd Down Target 212.25

As the week for BANSALWIRE ended on bullish sentiments, we can expect further continuation of this sentiment. BANSALWIRE's initial target will be 400.50 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 284.50 in the upcoming week.

Weekly OHLC Values
Open 256.00
High 372.00
Low 256.00
Close 356.75

Week for BANSALWIRE started with an open price of 256.00, and the close was at 356.75. BANSALWIRE reached the highest of 372.00 and dipped lowest up to 256.00 last week. This indicates a bullish sentiment for the week.

BANSALWIRE full month swing targets
Monthly Up Target 1 516.50
Monthly Up Target 2 560.25
Monthly Down Target 1 168.50
Monthly Down Target 2 -19.75

Targets of ₹516.50 can be expected to be reached in the coming month. Once BANSALWIRE achieved this target, we can aim for the next upside target of ₹560.25.

BANSALWIRE if fails to hold upside, down targets of ₹168.50 and ₹-19.75 can be achieved by end of this month.

For complete three weeks if BANSALWIRE 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.

Related Stocks in the Same Sector as BANSALWIRE

No related stocks found in the same sector.

Summary

BANSALWIRE is expected to reach the target of 362.50 in tomorrow's trading session.

After achieving the initial target in BANSALWIRE, we will aim for higher targets of 368.25 tomorrow.

However, if BANSALWIRE starts to trade below ₹358.25, then we will shift our focus to the sell side and aim for down targets of 352.50 and 348.25.