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

DCW Limited

Symbol: NSE:DCW

ISIN: INE500A01029

101.55

As on 2024-10-04

45.95 (52W Low) 111.18 (52W High)

DCW's Today's Performance

DCW Limited started the day by opening at 105.20 today 2024-10-04. Its shares reached a high of 106.44 and dipped to a low of 100.80 in intraday. When the markets closed, DCW’s stock price settled at ₹101.55 per share. Also check out its key support and resistance levels.

DCW Buy/Sell Targets

Tomorrow, sell DCW when its price reaches ₹ 101.55 with a stop-loss order at ₹ 106.15. You can set the target price as ₹ 96.95 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 DCW 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 DCW

Downside Targets Value in ₹
Tomorrow Down Target 1 105
Tomorrow Down Target 2 109
Tomorrow Down Target 3 111

Important Levels for DCW

Holding Levels Value in ₹
Tomorrow Up Target 1 99
Tomorrow Up Target 2 97
Tomorrow Up Target 3 94
Based on where the stock opens tomorrow, if DCW opens on a positive note, our first target will be ₹105. If Target 1 is achieved, we will aim for Target 2 which is ₹109.

But if DCW falls below the average value of ₹102.93, you can enter a sell side position with target number 1 - ₹99 and second target - ₹97 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 DCW

Looking at DCW, we've seen a Increasing 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, DCW has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for DCW is moderate bullish.

Tomorrow's Volume based share price Forecast for DCW

DCW's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -25%.

Reversal detection for DCW

Predicted trend chart of DCW tomorrow for price forecast
DCW may trend may continue to be bearish since stock is making lower low and we can get target of ₹106 in morning tomorrow
Target 1 tomorrow105
Target 2 tomorrow106
Target 3 tomorrow109
 

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 DCW'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 DCW opens on a positive note, our first target will be ₹105.06. If Target 1 is achieved, we will aim for Target 2 which is ₹108.57.

But if DCW falls below the average value of ₹102.93, you can enter a sell side position with target number 1 - ₹99.42 and second target - ₹97.29

DCW's Weekly Targets
1st Up Target 110.49
2nd Up Target 119.42
1st Down Target 93.31
2nd Down Target 85.06

As the week for DCW ended on bullish sentiments, we can expect further continuation of this sentiment. DCW's initial target will be 110.49 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 93.31 in the upcoming week.

Weekly OHLC Values
Open 95.80
High 111.18
Low 94.00
Close 101.55

Week for DCW started with an open price of 95.80, and the close was at 101.55. DCW reached the highest of 111.18 and dipped lowest up to 94.00 last week. This indicates a bullish sentiment for the week.

DCW full month swing targets
Monthly Up Target 1 127.67
Monthly Up Target 2 136.60
Monthly Down Target 1 76.13
Monthly Down Target 2 50.70

Targets of ₹127.67 can be expected to be reached in the coming month. Once DCW achieved this target, we can aim for the next upside target of ₹136.60.

DCW if fails to hold upside, down targets of ₹76.13 and ₹50.70 can be achieved by end of this month.

For complete three weeks if DCW 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

DCW is expected to reach the target of 105.06 in tomorrow's trading session.

After achieving the initial target in DCW, we will aim for higher targets of 108.57 tomorrow.

However, if DCW starts to trade below ₹102.93, then we will shift our focus to the sell side and aim for down targets of 99.42 and 97.29.