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

Welspun Living Limited

Symbol: NSE:WELSPUNLIV

ISIN: N/A

151.45

As on 2024-04-12

75.00 (52W Low) 171.25 (52W High)

WELSPUNLIV's Today's Performance

Welspun Living Limited started the day by opening at 151.95 today 2024-04-12. Its shares reached a high of 155.35 and dipped to a low of 150.65 in intraday. When the markets closed, WELSPUNLIV’s stock price settled at ₹151.45 per share. Also check out its key support and resistance levels.

WELSPUNLIV Buy/Sell Targets

Tomorrow, sell WELSPUNLIV when its price reaches ₹ 151.45 with a stop-loss order at ₹ 154.38. You can set the target price as ₹ 148.53 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 WELSPUNLIV for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for WELSPUNLIV

Resistance Levels Value in ₹
Tomorrow Resistance 1 154
Tomorrow Resistance 2 157
Tomorrow Resistance 3 159

Important Supports for WELSPUNLIV

Support Levels Value in ₹
Tomorrow Support 1 150
Tomorrow Support 2 148
Tomorrow Support 3 145
Based on where the stock opens tomorrow, if WELSPUNLIV opens on a positive note, our first target will be ₹154. If Target 1 is achieved, we will aim for Target 2 which is ₹157.

But if WELSPUNLIV falls below the average value of ₹152.48, you can enter a sell side position with target number 1 - ₹150 and second target - ₹148 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 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, WELSPUNLIV has been on a Downward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for WELSPUNLIV

WELSPUNLIV'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 -39%.

Reversal detection for WELSPUNLIV

Predicted trend chart of WELSPUNLIV tomorrow for price forecast
WELSPUNLIV may trend may continue to be bearish since stock is making lower low and we can get target of ₹155 in morning tomorrow
Target 1 tomorrow154
Target 2 tomorrow155
Target 3 tomorrow157
 

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 ₹154.32. If Target 1 is achieved, we will aim for Target 2 which is ₹157.18.

But if WELSPUNLIV falls below the average value of ₹152.48, you can enter a sell side position with target number 1 - ₹149.62 and second target - ₹147.78

WELSPUNLIV's Weekly Targets
1st Up Target 157.72
2nd Up Target 163.98
1st Down Target 147.92
2nd Down Target 144.38

As the week for WELSPUNLIV ended on bearish sentiments, we can expect further continuation of this sentiment. WELSPUNLIV's initial target will be 157.72 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 147.92 in the upcoming week.

Weekly OHLC Values
Open 155.70
High 160.45
Low 150.65
Close 151.45

Week for WELSPUNLIV started with an open price of 155.70, and the close was at 151.45. WELSPUNLIV reached the highest of 160.45 and dipped lowest up to 150.65 last week. This indicates a bearish sentiment for the week.

WELSPUNLIV full month swing targets
Monthly Up Target 1 167.52
Monthly Up Target 2 173.78
Monthly Down Target 1 138.12
Monthly Down Target 2 124.78

Targets of ₹167.52 can be expected to be reached in the coming month. Once WELSPUNLIV achieved this target, we can aim for the next upside target of ₹173.78.

WELSPUNLIV if fails to hold upside, down targets of ₹138.12 and ₹124.78 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 154.32 in tomorrow's trading session.

After achieving the initial target in WELSPUNLIV, we will aim for higher targets of 157.18 tomorrow.

However, if WELSPUNLIV starts to trade below ₹152.48, then we will shift our focus to the sell side and aim for down targets of 149.62 and 147.78.