Price and trend forecast of WSTCSTPAPR for Tomorrow, Weekly, Monthly
West Coast Paper Mills Limited
Symbol: NSE:WSTCSTPAPR
ISIN: INE976A01021
622.50
As on 2024-07-26
WSTCSTPAPR's Today's Performance
West Coast Paper Mills Limited started the day by opening at 632.00 today 2024-07-26. Its shares reached a high of 632.00 and dipped to a low of 621.80 in intraday. When the markets closed, WSTCSTPAPR’s stock price settled at ₹622.50 per share. Also check out its key support and resistance levels.
WSTCSTPAPR Buy/Sell Targets
Tomorrow, buy WSTCSTPAPR when its price reaches ₹ 622.50 with a stop-loss order at ₹ 615.93. You can set the target price as ₹ 629.07 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 WSTCSTPAPR 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 WSTCSTPAPR
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 629 |
| Tomorrow Down Target 2 | 636 |
| Tomorrow Down Target 3 | 639 |
Important Levels for WSTCSTPAPR
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 619 |
| Tomorrow Up Target 2 | 615 |
| Tomorrow Up Target 3 | 609 |
Based on where the stock opens tomorrow, if WSTCSTPAPR opens on a positive note, our first target will be ₹629. If Target 1 is achieved, we will aim for Target 2 which is ₹636.
But if WSTCSTPAPR falls below the average value of ₹625.43, you can enter a sell side position with target number 1 - ₹619 and second target - ₹615 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 WSTCSTPAPR
Looking at WSTCSTPAPR, 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, WSTCSTPAPR has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for WSTCSTPAPR is moderate bearish.
Tomorrow's Volume based share price Forecast for WSTCSTPAPR
WSTCSTPAPR'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 -15%.
Reversal detection for WSTCSTPAPR
WSTCSTPAPR may trend may continue to be bullish since stock is making higher highs and we can get target of ₹624 in morning tomorrow
| Target 1 tomorrow | 629 |
| Target 2 tomorrow | 632 |
| Target 3 tomorrow | 636 |
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 WSTCSTPAPR'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 WSTCSTPAPR opens on a positive note, our first target will be ₹629.07. If Target 1 is achieved, we will aim for Target 2 which is ₹635.63.
But if WSTCSTPAPR falls below the average value of ₹625.43, you can enter a sell side position with target number 1 - ₹618.87 and second target - ₹615.23
WSTCSTPAPR's Weekly Targets
| 1st Up Target | 653.30 |
| 2nd Up Target | 684.10 |
| 1st Down Target | 604.40 |
| 2nd Down Target | 586.30 |
As the week for WSTCSTPAPR ended on bearish sentiments, we can expect further continuation of this sentiment. WSTCSTPAPR's initial target will be 653.30 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 604.40 in the upcoming week.
Weekly OHLC Values
| Open | 651.10 |
| High | 666.00 |
| Low | 617.10 |
| Close | 622.50 |
Week for WSTCSTPAPR started with an open price of 651.10, and the close was at 622.50. WSTCSTPAPR reached the highest of 666.00 and dipped lowest up to 617.10 last week. This indicates a bearish sentiment for the week.
WSTCSTPAPR full month swing targets
| Monthly Up Target 1 | 702.20 |
| Monthly Up Target 2 | 733.00 |
| Monthly Down Target 1 | 555.50 |
| Monthly Down Target 2 | 488.50 |
Targets of ₹702.20 can be expected to be reached in the coming month. Once WSTCSTPAPR achieved this target, we can aim for the next upside target of ₹733.00.
WSTCSTPAPR if fails to hold upside, down targets of ₹555.50 and ₹488.50 can be achieved by end of this month.
For complete three weeks if WSTCSTPAPR 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 WSTCSTPAPR
| Symbol | Name | Industry |
|---|---|---|
| ULTRACEMCO | UltraTech Cement Limited | Building Materials |
| ASIANPAINT | Asian Paints Limited | Specialty Chemicals |
| JSWSTEEL | JSW Steel Limited | Steel |
| TATASTEEL | Tata Steel Limited | Steel |
| GRASIM | Grasim Industries Limited | Building Materials |
Summary
WSTCSTPAPR is expected to reach the target of 629.07 in tomorrow's trading session.
After achieving the initial target in WSTCSTPAPR, we will aim for higher targets of 635.63 tomorrow.
However, if WSTCSTPAPR starts to trade below ₹625.43, then we will shift our focus to the sell side and aim for down targets of 618.87 and 615.23.