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

Wendt (India) Limited

Symbol: NSE:WENDT

ISIN: INE274C01019

11,588.50

As on 2024-04-19

7,866.75 (52W Low) 15,990.00 (52W High)

WENDT's Today's Performance

Wendt (India) Limited started the day by opening at 11,613.00 today 2024-04-19. Its shares reached a high of 11,613.00 and dipped to a low of 11,480.00 in intraday. When the markets closed, WENDT’s stock price settled at ₹11,588.50 per share. Also check out its key support and resistance levels.

WENDT Buy/Sell Targets

Tomorrow, sell WENDT when its price reaches ₹ 11,588.50 with a stop-loss order at ₹ 11,780.00. You can set the target price as ₹ 11,397.00 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 WENDT 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 WENDT

Downside Targets Value in ₹
Tomorrow Down Target 1 11,641
Tomorrow Down Target 2 11,694
Tomorrow Down Target 3 11,774

Important Levels for WENDT

Holding Levels Value in ₹
Tomorrow Up Target 1 11,508
Tomorrow Up Target 2 11,428
Tomorrow Up Target 3 11,375
Based on where the stock opens tomorrow, if WENDT opens on a positive note, our first target will be ₹11,641. If Target 1 is achieved, we will aim for Target 2 which is ₹11,694.

But if WENDT falls below the average value of ₹11,560.50, you can enter a sell side position with target number 1 - ₹11,508 and second target - ₹11,428 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 WENDT

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

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

Tomorrow's Volume based share price Forecast for WENDT

WENDT'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 -53%.

Reversal detection for WENDT

Predicted trend chart of WENDT tomorrow for price forecast
WENDT may trend may continue to be bearish since stock is making lower low and we can get target of ₹11504 in morning tomorrow
Target 1 tomorrow11611
Target 2 tomorrow11643
Target 3 tomorrow11694
 

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 WENDT'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 WENDT opens on a positive note, our first target will be ₹11,641.00. If Target 1 is achieved, we will aim for Target 2 which is ₹11,693.50.

But if WENDT falls below the average value of ₹11,560.50, you can enter a sell side position with target number 1 - ₹11,508.00 and second target - ₹11,427.50

WENDT's Weekly Targets
1st Up Target 12,088.93
2nd Up Target 12,589.37
1st Down Target 11,144.03
2nd Down Target 10,699.57

As the week for WENDT ended on bearish sentiments, we can expect further continuation of this sentiment. WENDT's initial target will be 12,088.93 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 11,144.03 in the upcoming week.

Weekly OHLC Values
Open 12,144.90
High 12,144.90
Low 11,200.00
Close 11,588.50

Week for WENDT started with an open price of 12,144.90, and the close was at 11,588.50. WENDT reached the highest of 12,144.90 and dipped lowest up to 11,200.00 last week. This indicates a bearish sentiment for the week.

WENDT full month swing targets
Monthly Up Target 1 13,033.83
Monthly Up Target 2 13,534.27
Monthly Down Target 1 10,199.13
Monthly Down Target 2 8,809.77

Targets of ₹13,033.83 can be expected to be reached in the coming month. Once WENDT achieved this target, we can aim for the next upside target of ₹13,534.27.

WENDT if fails to hold upside, down targets of ₹10,199.13 and ₹8,809.77 can be achieved by end of this month.

For complete three weeks if WENDT 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

WENDT is expected to reach the target of 11,641.00 in tomorrow's trading session.

After achieving the initial target in WENDT, we will aim for higher targets of 11,693.50 tomorrow.

However, if WENDT starts to trade below ₹11,560.50, then we will shift our focus to the sell side and aim for down targets of 11,508.00 and 11,427.50.