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Welcast Steels Share Price Target - Tomorrow, Next Week & Next Month
Welcast Steels Limited | |||
 | Symbol: ZWELCAST | ||
| Price: ₹1,294.5 | |||
| Exchange: BSE | |||
| -> | |||
Show Table of Contents
Table of Contents
- 1: Welcast Steels Recent Performance
- 2: Chart: Welcast Steels Share Price Target - Tomorrow
- 3: Table: Welcast Steels Share Price Target - Tomorrow
- 4: Summary: Welcast Steels Share Price Prediction For Tomorrow
- 5: Chart: Welcast Steels Share Price Target - Next Week
- 6: Table: Welcast Steels Share Price Target - Next Week
- 7: Summary: Welcast Steels Share Price Prediction For Next Week
- 8: Chart: Welcast Steels Share Price Target - Next Month
- 9: Table: Welcast Steels Share Price Target - Next Month
- 10: Summary: Welcast Steels Share Price Prediction For Next Month
Welcast Steels Recent Performance
Over the past 26 trading days, the value of Welcast Steels's stock has decreased by ₹256.50 (-16.54%). On 25 Apr 2024, one share was worth ₹1551 and by 31 May 2024, the value dropped to ₹1294.50. During this period it created a highest high of ₹1861.84 and lowest low of ₹1240.25.
Below Image represents line chart of daily close price of Welcast Steels, helping you visualize how the price has changed day by day.
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Chart: Welcast Steels Share Price Target - Tomorrow
The line chart displays the Welcast Steels daily closing prices for the past 26 trading days using a black line. The green line indicates the potential targets, while the red line shows the potential Stop-Loss (SL) levels.
For detailed target and stop loss values for Welcast Steels shares for Fri 31 May 2024, see the table below.
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Table: Welcast Steels Share Price Target - Tomorrow
By analyzing Welcast Steels stock with yesterday and past crucial price points and technical indicators we derived following targets for: Mon, 03 Jun, 2024!
| Welcast Steels's Levels | Value | Reason/Importance |
|---|---|---|
| Tomorrow Target 3 | 1338.24 (+3.37%) | Fibonacci Extension Level 138.2% |
| Tomorrow Target 2 | 1323.05 (+2.2%) | Price Action: 21 May 2024 Low |
| Tomorrow Target 1 | 1308.15 (+1.05%) | Price Action: 14 May 2024 Low |
| Current Price | 1294.50 | Welcast Steels's 1 share price as of Fri 31 May 2024 |
| Stop Loss 1 | 1285.24 (-0.72%) | Fibonacci Retracement Level 61.8% |
| Stop Loss 2 | 1276.34 (-1.41%) | Fibonacci Retracement Level 78.6% |
| Stop Loss 3 | 1265.09 (-2.28%) | Price Action: 30 May 2024 Low |
Summary: Welcast Steels Share Price Prediction For Tomorrow
Fri 31 May 2024: Welcast Steels finished the day at ₹1294.50, gaining ₹9.45 (+0.74%) in 1 day.
In summary, our analysis of Welcast Steels for tomorrow predicts a rise of 1.05% to 3.37% with three potential targets T1: ₹1308.15, T2: ₹1323.05, T3: ₹1338.24 and Stop-Loss (SL) at SL1: ₹1285.24, SL2: ₹1276.34, SL3: ₹1265.09.
Additionally, we've identified a support level at ₹1265.00 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹1318.00, which is like a ceiling at which the price might have a hard time breaking through. These targets are based on our study of past trends and technical analysis using various indicators.
Over the last 26 trading days, the stock has dropped -16.54%, indicating it could be a excellent option for intra day trading as it has shown big price movements. During this period, its price fluctuated between 1861.84 and 1240.25.
After looking at tomorrow's share price prediction, let's now check what next week might hold for Welcast Steels.
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Chart: Welcast Steels Share Price Target - Next Week
The chart displays the Welcast Steels weekly closing prices for the past 6 trading weeks using a black line. It also shows three targets using a green line, while the red line shows the potential Stop-Loss (SL) levels for next week.
For detailed target and stop loss values for Welcast Steels shares for next week, see the table below.
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Table: Welcast Steels Share Price Target - Next Week
By analyzing Welcast Steels stock with yesterday and past crucial price points and technical indicators we derived following targets for the next week!
| Welcast Steels's Levels | Value | Reason/Importance |
|---|---|---|
| Next Week Target 3 | 1367.00 (+5.6%) | Price Action: 16 May 2024 Low |
| Next Week Target 2 | 1349.75 (+4.26%) | Price Action: 29 May 2024 High |
| Next Week Target 1 | 1325.36 (+2.38%) | Custom Fibonacci Extension Lvl 23.6% |
| Current Price | 1294.50 | Welcast Steels's 1 share price as of Fri 31 May 2024 |
| Stop Loss 1 | 1285.02 (-0.74%) | Price Action: Chart |
| Stop Loss 2 | 1272.05 (-1.74%) | Price Action: 29 May 2024 Low |
| Stop Loss 3 | 1252.00 (-3.29%) | Price Action: 28 May 2024 Low |
Summary: Welcast Steels Share Price Prediction For Next Week
As of Fri 31 May 2024, Welcast Steels share price stands at ₹1294.50, losing ₹-5.80 (-0.45%) in this week.
In summary, our analysis of Welcast Steels for next week predicts a rise of 2.38% to 5.6% with three potential targets T1: ₹1325.36, T2: ₹1349.75, T3: ₹1367.00 and Stop-Loss (SL) at SL1: ₹1285.02, SL2: ₹1272.05, SL3: ₹1252.00.
Additionally, we've identified a support level at ₹1240.25 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹1352.00, which is like a ceiling at which the price might have a hard time breaking through.
After looking at tomorrow's and next week's share price prediction, let's now check what next month might hold for Welcast Steels.
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Chart: Welcast Steels Share Price Target - Next Month
The chart displays the Welcast Steels monthly closing prices for the past 25 months using a black line. It also shows three targets using green line, while the red line shows the potential Stop-Loss (SL) levels.
For detailed target and stop loss values for Welcast Steels shares for next month, see the table below.
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Table: Welcast Steels Share Price Target - Next Month
By analyzing Welcast Steels stock with yesterday and past crucial price points and technical indicators we derived following targets for Next Month!
| Welcast Steels's Levels | Value | Reason/Importance |
|---|---|---|
| Next Month Target 3 | 1459.44 (+12.74%) | Price Action: 13 May 2024 High |
| Next Month Target 2 | 1441.20 (+11.33%) | Custom Fibonacci Extension Lvl 23.6% |
| Next Month Target 1 | 1422.00 (+9.84%) | Price Action: Jan 2008 High |
| Current Price | 1294.50 | Welcast Steels's 1 share price as of Fri 31 May 2024 |
| Stop Loss 1 | 1261.30 (-2.57%) | Price Action: Oct 2022 High |
| Stop Loss 2 | 1240.25 (-4.2%) | Price Action: 27 May 2024 Low |
| Stop Loss 3 | 1210.00 (-6.53%) | Price Action: Mar 2018 High |
Summary: Welcast Steels Share Price Prediction For Next Month
As of Fri 31 May 2024, Welcast Steels share price stands at ₹1294.50, losing ₹-521.05 (-28.70%) in this month.
In summary, our analysis of Welcast Steels for next month predicts a rise of 9.84% to 12.74% with three potential targets T1: ₹1422.00, T2: ₹1441.20, T3: ₹1459.44 and Stop-Loss (SL) at SL1: ₹1261.30, SL2: ₹1240.25, SL3: ₹1210.00.
Additionally, we've identified a support level at 1265.00 — think of this as a safety net where the price might stop falling and there's also a resistance level at 1861.84, which is like a ceiling at which the price might have a hard time breaking through.
After looking at tomorrow's, next week's and next month's share price prediction, you might wonder what this year or next year might hold for Welcast Steels, we created a specific page for that check here: Welcast Steels Share Price target for 2024 and 2025
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As we wrap up, we hope you like our study on Welcast Steels short term share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
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Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyze historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
- Welcast Steels Share Price History
- Welcast Steels Price Long Term Target
- Welcast Steels Dividend History
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
