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

Sterling and Wilson Renewable Energy Limited

Symbol: NSE:SWSOLAR

ISIN: INE00M201021

552.15

As on 2024-11-08

275.15 (52W Low) 828.00 (52W High)

SWSOLAR's Today's Performance

Sterling and Wilson Renewable Energy Limited started the day by opening at 565.00 today 2024-11-08. Its shares reached a high of 574.85 and dipped to a low of 547.05 in intraday. When the markets closed, SWSOLAR’s stock price settled at ₹552.15 per share. Also check out its key support and resistance levels.

SWSOLAR Buy/Sell Targets

Tomorrow, sell SWSOLAR when its price reaches ₹ 552.15 with a stop-loss order at ₹ 563.22. You can set the target price as ₹ 541.08 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 SWSOLAR 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 SWSOLAR

Downside Targets Value in ₹
Tomorrow Down Target 1 569
Tomorrow Down Target 2 586
Tomorrow Down Target 3 597

Important Levels for SWSOLAR

Holding Levels Value in ₹
Tomorrow Up Target 1 541
Tomorrow Up Target 2 530
Tomorrow Up Target 3 513
Based on where the stock opens tomorrow, if SWSOLAR opens on a positive note, our first target will be ₹569. If Target 1 is achieved, we will aim for Target 2 which is ₹586.

But if SWSOLAR falls below the average value of ₹558.02, you can enter a sell side position with target number 1 - ₹541 and second target - ₹530 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 SWSOLAR

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

Based on this, the predicted sentiment for SWSOLAR is moderate bearish.

Tomorrow's Volume based share price Forecast for SWSOLAR

SWSOLAR'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 -25%.

Reversal detection for SWSOLAR

Predicted trend chart of SWSOLAR tomorrow for price forecast
SWSOLAR may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹581 in morning tomorrow
Target 1 tomorrow569
Target 2 tomorrow575
Target 3 tomorrow586
 

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 SWSOLAR'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 SWSOLAR opens on a positive note, our first target will be ₹568.98. If Target 1 is achieved, we will aim for Target 2 which is ₹585.82.

But if SWSOLAR falls below the average value of ₹558.02, you can enter a sell side position with target number 1 - ₹541.18 and second target - ₹530.22

SWSOLAR's Weekly Targets
1st Up Target 587.82
2nd Up Target 623.48
1st Down Target 531.77
2nd Down Target 511.38

As the week for SWSOLAR ended on bearish sentiments, we can expect further continuation of this sentiment. SWSOLAR's initial target will be 587.82 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 531.77 in the upcoming week.

Weekly OHLC Values
Open 599.20
High 603.10
Low 547.05
Close 552.15

Week for SWSOLAR started with an open price of 599.20, and the close was at 552.15. SWSOLAR reached the highest of 603.10 and dipped lowest up to 547.05 last week. This indicates a bearish sentiment for the week.

SWSOLAR full month swing targets
Monthly Up Target 1 643.87
Monthly Up Target 2 679.53
Monthly Down Target 1 475.72
Monthly Down Target 2 399.28

Targets of ₹643.87 can be expected to be reached in the coming month. Once SWSOLAR achieved this target, we can aim for the next upside target of ₹679.53.

SWSOLAR if fails to hold upside, down targets of ₹475.72 and ₹399.28 can be achieved by end of this month.

For complete three weeks if SWSOLAR 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

SWSOLAR is expected to reach the target of 568.98 in tomorrow's trading session.

After achieving the initial target in SWSOLAR, we will aim for higher targets of 585.82 tomorrow.

However, if SWSOLAR starts to trade below ₹558.02, then we will shift our focus to the sell side and aim for down targets of 541.18 and 530.22.