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

Worth Peripherals Limited

Symbol: NSE:WORTH

ISIN: INE196Y01018

125.94

As on 2024-07-12

93.05 (52W Low) 136.95 (52W High)

WORTH's Today's Performance

Worth Peripherals Limited started the day by opening at 126.49 today 2024-07-12. Its shares reached a high of 128.00 and dipped to a low of 125.55 in intraday. When the markets closed, WORTH’s stock price settled at ₹125.94 per share. Also check out its key support and resistance levels.

WORTH Buy/Sell Targets

Tomorrow, sell WORTH when its price reaches ₹ 125.94 with a stop-loss order at ₹ 128.48. You can set the target price as ₹ 123.40 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 WORTH 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 WORTH

Downside Targets Value in ₹
Tomorrow Down Target 1 127
Tomorrow Down Target 2 129
Tomorrow Down Target 3 130

Important Levels for WORTH

Holding Levels Value in ₹
Tomorrow Up Target 1 125
Tomorrow Up Target 2 124
Tomorrow Up Target 3 123
Based on where the stock opens tomorrow, if WORTH opens on a positive note, our first target will be ₹127. If Target 1 is achieved, we will aim for Target 2 which is ₹129.

But if WORTH falls below the average value of ₹126.50, you can enter a sell side position with target number 1 - ₹125 and second target - ₹124 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 WORTH

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

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

Tomorrow's Volume based share price Forecast for WORTH

WORTH'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 -37%.

Reversal detection for WORTH

Predicted trend chart of WORTH tomorrow for price forecast
WORTH may trend may continue to be bearish since stock is making lower low and we can get target of ₹127 in morning tomorrow
Target 1 tomorrow127
Target 2 tomorrow128
Target 3 tomorrow129
 

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 WORTH'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 WORTH opens on a positive note, our first target will be ₹127.44. If Target 1 is achieved, we will aim for Target 2 which is ₹128.95.

But if WORTH falls below the average value of ₹126.50, you can enter a sell side position with target number 1 - ₹124.99 and second target - ₹124.05

WORTH's Weekly Targets
1st Up Target 130.22
2nd Up Target 134.51
1st Down Target 121.43
2nd Down Target 116.93

As the week for WORTH ended on bullish sentiments, we can expect further continuation of this sentiment. WORTH's initial target will be 130.22 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 121.43 in the upcoming week.

Weekly OHLC Values
Open 123.40
High 130.00
Low 121.21
Close 125.94

Week for WORTH started with an open price of 123.40, and the close was at 125.94. WORTH reached the highest of 130.00 and dipped lowest up to 121.21 last week. This indicates a bullish sentiment for the week.

WORTH full month swing targets
Monthly Up Target 1 139.01
Monthly Up Target 2 143.30
Monthly Down Target 1 112.64
Monthly Down Target 2 99.35

Targets of ₹139.01 can be expected to be reached in the coming month. Once WORTH achieved this target, we can aim for the next upside target of ₹143.30.

WORTH if fails to hold upside, down targets of ₹112.64 and ₹99.35 can be achieved by end of this month.

For complete three weeks if WORTH 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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BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

WORTH is expected to reach the target of 127.44 in tomorrow's trading session.

After achieving the initial target in WORTH, we will aim for higher targets of 128.95 tomorrow.

However, if WORTH starts to trade below ₹126.50, then we will shift our focus to the sell side and aim for down targets of 124.99 and 124.05.