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

WESTLIFE FOODWORLD LIMITED

Symbol: NSE:WESTLIFE

ISIN: INE274F01020

826.45

As on 2024-04-12

675.00 (52W Low) 1,024.95 (52W High)

WESTLIFE's Today's Performance

WESTLIFE FOODWORLD LIMITED started the day by opening at 812.10 today 2024-04-12. Its shares reached a high of 831.00 and dipped to a low of 808.55 in intraday. When the markets closed, WESTLIFE’s stock price settled at ₹826.45 per share. Also check out its key support and resistance levels.

WESTLIFE Buy/Sell Targets

Tomorrow, buy WESTLIFE when its price reaches ₹ 826.45 with a stop-loss order at ₹ 815.01. You can set the target price as ₹ 837.89 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 WESTLIFE 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 WESTLIFE

Resistance Levels Value in ₹
Tomorrow Resistance 1 835
Tomorrow Resistance 2 844
Tomorrow Resistance 3 858

Important Supports for WESTLIFE

Support Levels Value in ₹
Tomorrow Support 1 813
Tomorrow Support 2 800
Tomorrow Support 3 791
Based on where the stock opens tomorrow, if WESTLIFE opens on a positive note, our first target will be ₹835. If Target 1 is achieved, we will aim for Target 2 which is ₹844.

But if WESTLIFE falls below the average value of ₹822.00, you can enter a sell side position with target number 1 - ₹813 and second target - ₹800 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 WESTLIFE

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

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

Tomorrow's Volume based share price Forecast for WESTLIFE

WESTLIFE'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 -11%.

Reversal detection for WESTLIFE

Predicted trend chart of WESTLIFE tomorrow for price forecast
WESTLIFE may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹809 in morning tomorrow
Target 1 tomorrow831
Target 2 tomorrow836
Target 3 tomorrow844
 

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 WESTLIFE'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 WESTLIFE opens on a positive note, our first target will be ₹835.45. If Target 1 is achieved, we will aim for Target 2 which is ₹844.45.

But if WESTLIFE falls below the average value of ₹822.00, you can enter a sell side position with target number 1 - ₹813.00 and second target - ₹799.55

WESTLIFE's Weekly Targets
1st Up Target 838.30
2nd Up Target 850.15
1st Down Target 807.30
2nd Down Target 788.15

As the week for WESTLIFE ended on bullish sentiments, we can expect further continuation of this sentiment. WESTLIFE's initial target will be 838.30 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 807.30 in the upcoming week.

Weekly OHLC Values
Open 815.00
High 831.00
Low 800.00
Close 826.45

Week for WESTLIFE started with an open price of 815.00, and the close was at 826.45. WESTLIFE reached the highest of 831.00 and dipped lowest up to 800.00 last week. This indicates a bullish sentiment for the week.

WESTLIFE full month swing targets
Monthly Up Target 1 869.30
Monthly Up Target 2 881.15
Monthly Down Target 1 776.30
Monthly Down Target 2 726.15

Targets of ₹869.30 can be expected to be reached in the coming month. Once WESTLIFE achieved this target, we can aim for the next upside target of ₹881.15.

WESTLIFE if fails to hold upside, down targets of ₹776.30 and ₹726.15 can be achieved by end of this month.

For complete three weeks if WESTLIFE 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 WESTLIFE

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

WESTLIFE is expected to reach the target of 835.45 in tomorrow's trading session.

After achieving the initial target in WESTLIFE, we will aim for higher targets of 844.45 tomorrow.

However, if WESTLIFE starts to trade below ₹822.00, then we will shift our focus to the sell side and aim for down targets of 813.00 and 799.55.