Stock Information Portal

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

Wonderla Holidays Limited

Symbol: NSE:WONDERLA

ISIN: INE066O01014

1,019.00

As on 2024-04-12

425.00 (52W Low) 1,105.90 (52W High)

WONDERLA's Today's Performance

Wonderla Holidays Limited started the day by opening at 1,048.35 today 2024-04-12. Its shares reached a high of 1,051.50 and dipped to a low of 1,015.00 in intraday. When the markets closed, WONDERLA’s stock price settled at ₹1,019.00 per share. Also check out its key support and resistance levels.

WONDERLA Buy/Sell Targets

Tomorrow, sell WONDERLA when its price reaches ₹ 1,019.00 with a stop-loss order at ₹ 1,040.91. You can set the target price as ₹ 997.09 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 WONDERLA 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 WONDERLA

Resistance Levels Value in ₹
Tomorrow Resistance 1 1,042
Tomorrow Resistance 2 1,065
Tomorrow Resistance 3 1,079

Important Supports for WONDERLA

Support Levels Value in ₹
Tomorrow Support 1 1,006
Tomorrow Support 2 992
Tomorrow Support 3 969
Based on where the stock opens tomorrow, if WONDERLA opens on a positive note, our first target will be ₹1,042. If Target 1 is achieved, we will aim for Target 2 which is ₹1,065.

But if WONDERLA falls below the average value of ₹1,028.50, you can enter a sell side position with target number 1 - ₹1,006 and second target - ₹992 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 WONDERLA

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

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

Tomorrow's Volume based share price Forecast for WONDERLA

WONDERLA's Volume is currently in a Decreasing 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 -71%.

Reversal detection for WONDERLA

Predicted trend chart of WONDERLA tomorrow for price forecast
WONDERLA may trend may continue to be bearish since stock is making lower low and we can get target of ₹1045 in morning tomorrow
Target 1 tomorrow1042
Target 2 tomorrow1051
Target 3 tomorrow1065
 

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 WONDERLA'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 WONDERLA opens on a positive note, our first target will be ₹1,042.00. If Target 1 is achieved, we will aim for Target 2 which is ₹1,065.00.

But if WONDERLA falls below the average value of ₹1,028.50, you can enter a sell side position with target number 1 - ₹1,005.50 and second target - ₹992.00

WONDERLA's Weekly Targets
1st Up Target 1,078.27
2nd Up Target 1,137.53
1st Down Target 987.37
2nd Down Target 955.73

As the week for WONDERLA ended on bearish sentiments, we can expect further continuation of this sentiment. WONDERLA's initial target will be 1,078.27 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 987.37 in the upcoming week.

Weekly OHLC Values
Open 1,045.25
High 1,105.90
Low 1,015.00
Close 1,019.00

Week for WONDERLA started with an open price of 1,045.25, and the close was at 1,019.00. WONDERLA reached the highest of 1,105.90 and dipped lowest up to 1,015.00 last week. This indicates a bearish sentiment for the week.

WONDERLA full month swing targets
Monthly Up Target 1 1,169.17
Monthly Up Target 2 1,228.43
Monthly Down Target 1 896.47
Monthly Down Target 2 773.93

Targets of ₹1,169.17 can be expected to be reached in the coming month. Once WONDERLA achieved this target, we can aim for the next upside target of ₹1,228.43.

WONDERLA if fails to hold upside, down targets of ₹896.47 and ₹773.93 can be achieved by end of this month.

For complete three weeks if WONDERLA 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 WONDERLA

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

WONDERLA is expected to reach the target of 1,042.00 in tomorrow's trading session.

After achieving the initial target in WONDERLA, we will aim for higher targets of 1,065.00 tomorrow.

However, if WONDERLA starts to trade below ₹1,028.50, then we will shift our focus to the sell side and aim for down targets of 1,005.50 and 992.00.