Price and trend forecast of WEL for Tomorrow, Weekly, Monthly
Wonder Electricals Limited
Symbol: NSE:WEL
ISIN: INE02WG01016
158.44
As on 2024-12-06
WEL's Today's Performance
Wonder Electricals Limited started the day by opening at 138.38 today 2024-12-06. Its shares reached a high of 161.61 and dipped to a low of 135.31 in intraday. When the markets closed, WEL’s stock price settled at ₹158.44 per share. Also check out its key support and resistance levels.
WEL Buy/Sell Targets
Tomorrow, buy WEL when its price reaches ₹ 158.44 with a stop-loss order at ₹ 151.53. You can set the target price as ₹ 165.35 to capture potential gains. This buy 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 WEL 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 WEL
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 168 |
| Tomorrow Down Target 2 | 178 |
| Tomorrow Down Target 3 | 195 |
Important Levels for WEL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 142 |
| Tomorrow Up Target 2 | 125 |
| Tomorrow Up Target 3 | 116 |
Based on where the stock opens tomorrow, if WEL opens on a positive note, our first target will be ₹168. If Target 1 is achieved, we will aim for Target 2 which is ₹178.
But if WEL falls below the average value of ₹151.79, you can enter a sell side position with target number 1 - ₹142 and second target - ₹125 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 WEL
Looking at WEL, 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, WEL has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for WEL is strong bullish.
Tomorrow's Volume based share price Forecast for WEL
WEL'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 149%.
Reversal detection for WEL
WEL may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹136 in morning tomorrow
| Target 1 tomorrow | 162 |
| Target 2 tomorrow | 168 |
| Target 3 tomorrow | 178 |
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 WEL'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 WEL opens on a positive note, our first target will be ₹168.26. If Target 1 is achieved, we will aim for Target 2 which is ₹178.09.
But if WEL falls below the average value of ₹151.79, you can enter a sell side position with target number 1 - ₹141.96 and second target - ₹125.49
WEL's Weekly Targets
| 1st Up Target | 170.17 |
| 2nd Up Target | 181.89 |
| 1st Down Target | 138.16 |
| 2nd Down Target | 117.87 |
As the week for WEL ended on bullish sentiments, we can expect further continuation of this sentiment. WEL's initial target will be 170.17 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 138.16 in the upcoming week.
Weekly OHLC Values
| Open | 134.45 |
| High | 161.61 |
| Low | 129.60 |
| Close | 158.44 |
Week for WEL started with an open price of 134.45, and the close was at 158.44. WEL reached the highest of 161.61 and dipped lowest up to 129.60 last week. This indicates a bullish sentiment for the week.
WEL full month swing targets
| Monthly Up Target 1 | 202.18 |
| Monthly Up Target 2 | 213.90 |
| Monthly Down Target 1 | 106.15 |
| Monthly Down Target 2 | 53.85 |
Targets of ₹202.18 can be expected to be reached in the coming month. Once WEL achieved this target, we can aim for the next upside target of ₹213.90.
WEL if fails to hold upside, down targets of ₹106.15 and ₹53.85 can be achieved by end of this month.
For complete three weeks if WEL 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 WEL
| Symbol | Name | Industry |
|---|---|---|
| MARUTI | Maruti Suzuki India Limited | Auto Manufacturers |
| TATAMTRDVR | Tata Motors Limited | Auto Manufacturers |
| TATAMOTORS | Tata Motors Limited | Auto Manufacturers |
| TITAN | Titan Company Limited | Luxury Goods |
| BAJAJ-AUTO | Bajaj Auto Limited | Auto Manufacturers |
Summary
WEL is expected to reach the target of 168.26 in tomorrow's trading session.
After achieving the initial target in WEL, we will aim for higher targets of 178.09 tomorrow.
However, if WEL starts to trade below ₹151.79, then we will shift our focus to the sell side and aim for down targets of 141.96 and 125.49.