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

Welspun Living Limited

Symbol: NSE:WELSPUNLIV

ISIN: N/A

177.06

As on 2024-07-24

99.05 (52W Low) 182.00 (52W High)

WELSPUNLIV's Today's Performance

Welspun Living Limited started the day by opening at 174.00 today 2024-07-24. Its shares reached a high of 181.70 and dipped to a low of 173.24 in intraday. When the markets closed, WELSPUNLIV’s stock price settled at ₹177.06 per share. Also check out its key support and resistance levels.

WELSPUNLIV Buy/Sell Targets

Tomorrow, buy WELSPUNLIV when its price reaches ₹ 177.06 with a stop-loss order at ₹ 171.34. You can set the target price as ₹ 182.78 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 WELSPUNLIV 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 WELSPUNLIV

Downside Targets Value in ₹
Tomorrow Down Target 1 181
Tomorrow Down Target 2 186
Tomorrow Down Target 3 190

Important Levels for WELSPUNLIV

Holding Levels Value in ₹
Tomorrow Up Target 1 173
Tomorrow Up Target 2 169
Tomorrow Up Target 3 165
Based on where the stock opens tomorrow, if WELSPUNLIV opens on a positive note, our first target will be ₹181. If Target 1 is achieved, we will aim for Target 2 which is ₹186.

But if WELSPUNLIV falls below the average value of ₹177.33, you can enter a sell side position with target number 1 - ₹173 and second target - ₹169 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 WELSPUNLIV

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

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

Tomorrow's Volume based share price Forecast for WELSPUNLIV

WELSPUNLIV'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 -39%.

Reversal detection for WELSPUNLIV

Predicted trend chart of WELSPUNLIV tomorrow for price forecast
WELSPUNLIV may trend may continue to be bullish since stock is making higher highs and we can get target of ₹173 in morning tomorrow
Target 1 tomorrow181
Target 2 tomorrow183
Target 3 tomorrow186
 

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 WELSPUNLIV'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 WELSPUNLIV opens on a positive note, our first target will be ₹181.43. If Target 1 is achieved, we will aim for Target 2 which is ₹185.79.

But if WELSPUNLIV falls below the average value of ₹177.33, you can enter a sell side position with target number 1 - ₹172.97 and second target - ₹168.87

WELSPUNLIV's Weekly Targets
1st Up Target 184.34
2nd Up Target 191.62
1st Down Target 167.44
2nd Down Target 157.82

As the week for WELSPUNLIV ended on bullish sentiments, we can expect further continuation of this sentiment. WELSPUNLIV's initial target will be 184.34 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 167.44 in the upcoming week.

Weekly OHLC Values
Open 175.00
High 182.00
Low 165.10
Close 177.06

Week for WELSPUNLIV started with an open price of 175.00, and the close was at 177.06. WELSPUNLIV reached the highest of 182.00 and dipped lowest up to 165.10 last week. This indicates a bullish sentiment for the week.

WELSPUNLIV full month swing targets
Monthly Up Target 1 201.24
Monthly Up Target 2 208.52
Monthly Down Target 1 150.54
Monthly Down Target 2 124.02

Targets of ₹201.24 can be expected to be reached in the coming month. Once WELSPUNLIV achieved this target, we can aim for the next upside target of ₹208.52.

WELSPUNLIV if fails to hold upside, down targets of ₹150.54 and ₹124.02 can be achieved by end of this month.

For complete three weeks if WELSPUNLIV 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

WELSPUNLIV is expected to reach the target of 181.43 in tomorrow's trading session.

After achieving the initial target in WELSPUNLIV, we will aim for higher targets of 185.79 tomorrow.

However, if WELSPUNLIV starts to trade below ₹177.33, then we will shift our focus to the sell side and aim for down targets of 172.97 and 168.87.