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

Steel Strips Wheels Limited

Symbol: NSE:SSWL

ISIN: INE802C01033

213.85

As on 2024-06-13

159.50 (52W Low) 299.00 (52W High)

SSWL's Today's Performance

Steel Strips Wheels Limited started the day by opening at 219.00 today 2024-06-13. Its shares reached a high of 225.37 and dipped to a low of 212.53 in intraday. When the markets closed, SSWL’s stock price settled at ₹213.85 per share. Also check out its key support and resistance levels.

SSWL Buy/Sell Targets

Tomorrow, sell SSWL when its price reaches ₹ 213.85 with a stop-loss order at ₹ 217.54. You can set the target price as ₹ 210.16 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 SSWL 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 SSWL

Downside Targets Value in ₹
Tomorrow Down Target 1 222
Tomorrow Down Target 2 230
Tomorrow Down Target 3 235

Important Levels for SSWL

Holding Levels Value in ₹
Tomorrow Up Target 1 209
Tomorrow Up Target 2 204
Tomorrow Up Target 3 196
Based on where the stock opens tomorrow, if SSWL opens on a positive note, our first target will be ₹222. If Target 1 is achieved, we will aim for Target 2 which is ₹230.

But if SSWL falls below the average value of ₹217.25, you can enter a sell side position with target number 1 - ₹209 and second target - ₹204 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 SSWL

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

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

Tomorrow's Volume based share price Forecast for SSWL

SSWL'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 -26%.

Reversal detection for SSWL

Predicted trend chart of SSWL tomorrow for price forecast
SSWL may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹219 in morning tomorrow
Target 1 tomorrow222
Target 2 tomorrow225
Target 3 tomorrow230
 

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 SSWL'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 SSWL opens on a positive note, our first target will be ₹221.97. If Target 1 is achieved, we will aim for Target 2 which is ₹230.09.

But if SSWL falls below the average value of ₹217.25, you can enter a sell side position with target number 1 - ₹209.13 and second target - ₹204.41

SSWL's Weekly Targets
1st Up Target 221.97
2nd Up Target 230.09
1st Down Target 209.13
2nd Down Target 204.41

As the week for SSWL ended on bearish sentiments, we can expect further continuation of this sentiment. SSWL's initial target will be 221.97 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 209.13 in the upcoming week.

Weekly OHLC Values
Open 219.70
High 225.37
Low 212.53
Close 213.85

Week for SSWL started with an open price of 219.70, and the close was at 213.85. SSWL reached the highest of 225.37 and dipped lowest up to 212.53 last week. This indicates a bearish sentiment for the week.

SSWL full month swing targets
Monthly Up Target 1 234.81
Monthly Up Target 2 242.93
Monthly Down Target 1 196.29
Monthly Down Target 2 178.73

Targets of ₹234.81 can be expected to be reached in the coming month. Once SSWL achieved this target, we can aim for the next upside target of ₹242.93.

SSWL if fails to hold upside, down targets of ₹196.29 and ₹178.73 can be achieved by end of this month.

For complete three weeks if SSWL 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

SSWL is expected to reach the target of 221.97 in tomorrow's trading session.

After achieving the initial target in SSWL, we will aim for higher targets of 230.09 tomorrow.

However, if SSWL starts to trade below ₹217.25, then we will shift our focus to the sell side and aim for down targets of 209.13 and 204.41.