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

Windlas Biotech Limited

Symbol: NSE:WINDLAS

ISIN: INE0H5O01029

534.40

As on 2024-04-12

244.15 (52W Low) 590.85 (52W High)

WINDLAS's Today's Performance

Windlas Biotech Limited started the day by opening at 546.05 today 2024-04-12. Its shares reached a high of 547.90 and dipped to a low of 530.00 in intraday. When the markets closed, WINDLAS’s stock price settled at ₹534.40 per share. Also check out its key support and resistance levels.

WINDLAS Buy/Sell Targets

Tomorrow, sell WINDLAS when its price reaches ₹ 534.40 with a stop-loss order at ₹ 542.22. You can set the target price as ₹ 526.58 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 WINDLAS 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 WINDLAS

Resistance Levels Value in ₹
Tomorrow Resistance 1 545
Tomorrow Resistance 2 555
Tomorrow Resistance 3 563

Important Supports for WINDLAS

Support Levels Value in ₹
Tomorrow Support 1 527
Tomorrow Support 2 520
Tomorrow Support 3 509
Based on where the stock opens tomorrow, if WINDLAS opens on a positive note, our first target will be ₹545. If Target 1 is achieved, we will aim for Target 2 which is ₹555.

But if WINDLAS falls below the average value of ₹537.43, you can enter a sell side position with target number 1 - ₹527 and second target - ₹520 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 WINDLAS

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

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

Tomorrow's Volume based share price Forecast for WINDLAS

WINDLAS'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 50%.

Reversal detection for WINDLAS

Predicted trend chart of WINDLAS tomorrow for price forecast
WINDLAS may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹546 in morning tomorrow
Target 1 tomorrow544
Target 2 tomorrow548
Target 3 tomorrow555
 

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 WINDLAS'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 WINDLAS opens on a positive note, our first target will be ₹544.87. If Target 1 is achieved, we will aim for Target 2 which is ₹555.33.

But if WINDLAS falls below the average value of ₹537.43, you can enter a sell side position with target number 1 - ₹526.97 and second target - ₹519.53

WINDLAS's Weekly Targets
1st Up Target 558.23
2nd Up Target 582.07
1st Down Target 520.28
2nd Down Target 506.17

As the week for WINDLAS ended on bearish sentiments, we can expect further continuation of this sentiment. WINDLAS's initial target will be 558.23 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 520.28 in the upcoming week.

Weekly OHLC Values
Open 559.00
High 567.95
Low 530.00
Close 534.40

Week for WINDLAS started with an open price of 559.00, and the close was at 534.40. WINDLAS reached the highest of 567.95 and dipped lowest up to 530.00 last week. This indicates a bearish sentiment for the week.

WINDLAS full month swing targets
Monthly Up Target 1 596.18
Monthly Up Target 2 620.02
Monthly Down Target 1 482.33
Monthly Down Target 2 430.27

Targets of ₹596.18 can be expected to be reached in the coming month. Once WINDLAS achieved this target, we can aim for the next upside target of ₹620.02.

WINDLAS if fails to hold upside, down targets of ₹482.33 and ₹430.27 can be achieved by end of this month.

For complete three weeks if WINDLAS 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 WINDLAS

Symbol Name Industry
SUNPHARMA Sun Pharmaceutical Industries Limited Drug Manufacturers - Specialty & Generic
CIPLA Cipla Limited Drug Manufacturers - General
DRREDDY Dr. Reddy's Laboratories Limited Drug Manufacturers - Specialty & Generic
ZYDUSLIFE Zydus Lifesciences Limited Drug Manufacturers - Specialty & Generic
APOLLOHOSP Apollo Hospitals Enterprise Limited Medical Care Facilities

Summary

WINDLAS is expected to reach the target of 544.87 in tomorrow's trading session.

After achieving the initial target in WINDLAS, we will aim for higher targets of 555.33 tomorrow.

However, if WINDLAS starts to trade below ₹537.43, then we will shift our focus to the sell side and aim for down targets of 526.97 and 519.53.