Price and trend forecast of IWEL for Tomorrow, Weekly, Monthly
Inox Wind Energy Limited
Symbol: NSE:IWEL
ISIN: INE0FLR01028
12,043.10
As on 2024-10-17
IWEL's Today's Performance
Inox Wind Energy Limited started the day by opening at 12,562.95 today 2024-10-17. Its shares reached a high of 12,699.00 and dipped to a low of 11,934.80 in intraday. When the markets closed, IWEL’s stock price settled at ₹12,043.10 per share. Also check out its key support and resistance levels.
IWEL Buy/Sell Targets
Tomorrow, sell IWEL when its price reaches ₹ 12,043.10 with a stop-loss order at ₹ 12,335.30. You can set the target price as ₹ 11,750.90 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 IWEL 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 IWEL
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 12,516 |
| Tomorrow Down Target 2 | 12,990 |
| Tomorrow Down Target 3 | 13,281 |
Important Levels for IWEL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 11,752 |
| Tomorrow Up Target 2 | 11,461 |
| Tomorrow Up Target 3 | 10,988 |
Based on where the stock opens tomorrow, if IWEL opens on a positive note, our first target will be ₹12,516. If Target 1 is achieved, we will aim for Target 2 which is ₹12,990.
But if IWEL falls below the average value of ₹12,225.63, you can enter a sell side position with target number 1 - ₹11,752 and second target - ₹11,461 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 IWEL
Looking at IWEL, 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, IWEL has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for IWEL is strong bullish.
Tomorrow's Volume based share price Forecast for IWEL
IWEL's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 147%.
Reversal detection for IWEL
IWEL may trend may continue to be bearish since stock is making lower low and we can get target of ₹12458 in morning tomorrow
| Target 1 tomorrow | 12518 |
| Target 2 tomorrow | 12698 |
| Target 3 tomorrow | 12990 |
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 IWEL'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 IWEL opens on a positive note, our first target will be ₹12,516.47. If Target 1 is achieved, we will aim for Target 2 which is ₹12,989.83.
But if IWEL falls below the average value of ₹12,225.63, you can enter a sell side position with target number 1 - ₹11,752.27 and second target - ₹11,461.43
IWEL's Weekly Targets
| 1st Up Target | 12,617.13 |
| 2nd Up Target | 13,191.17 |
| 1st Down Target | 11,701.93 |
| 2nd Down Target | 11,360.77 |
As the week for IWEL ended on bearish sentiments, we can expect further continuation of this sentiment. IWEL's initial target will be 12,617.13 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 11,701.93 in the upcoming week.
Weekly OHLC Values
| Open | 12,449.85 |
| High | 12,850.00 |
| Low | 11,934.80 |
| Close | 12,043.10 |
Week for IWEL started with an open price of 12,449.85, and the close was at 12,043.10. IWEL reached the highest of 12,850.00 and dipped lowest up to 11,934.80 last week. This indicates a bearish sentiment for the week.
IWEL full month swing targets
| Monthly Up Target 1 | 13,532.33 |
| Monthly Up Target 2 | 14,106.37 |
| Monthly Down Target 1 | 10,786.73 |
| Monthly Down Target 2 | 9,530.37 |
Targets of ₹13,532.33 can be expected to be reached in the coming month. Once IWEL achieved this target, we can aim for the next upside target of ₹14,106.37.
IWEL if fails to hold upside, down targets of ₹10,786.73 and ₹9,530.37 can be achieved by end of this month.
For complete three weeks if IWEL 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 IWEL
| Symbol | Name | Industry |
|---|---|---|
| LT | Larsen & Toubro Limited | Engineering & Construction |
| ADANIPORTS | Adani Ports and Special Economic Zone Limited | Marine Shipping |
| HAL | Hindustan Aeronautics Limited | Aerospace & Defense |
| SIEMENS | Siemens Limited | Specialty Industrial Machinery |
| BEL | Bharat Electronics Limited | Aerospace & Defense |
Summary
IWEL is expected to reach the target of 12,516.47 in tomorrow's trading session.
After achieving the initial target in IWEL, we will aim for higher targets of 12,989.83 tomorrow.
However, if IWEL starts to trade below ₹12,225.63, then we will shift our focus to the sell side and aim for down targets of 11,752.27 and 11,461.43.