Western India Plywoods Ltd

Stage 3 · Topping · week 4

As of 16 Oct 2026, Western India Plywoods is in Stage 3 — topping, where an uptrend loses steam, in week 4 (since 22 Sep 2026). It closed at ₹162, 8.3% below its 52-week high and above its 200-day average, which is rising. In Materials, 33.6% of stocks are in Stage 2.

The Western India Plywoods Limited manufactures and sells hardboard, plywood, and compreg wood products in India and internationally. More about the company

₹162.3
+0.50% today
₹138 Cr · Micro cap
Market Neutral — FadingMaterials 33.6% in Stage 2-2.9 pts / 20dWood Products 14.3%-14.3 pts

Pro read

Pro

Our read

Topping — the uptrend is tiring

Setup score

—

Momentum

Steady

Edge

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Is WIPL early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
Loading price chart…
vs 52W High
-8.3%
₹141.8 lo₹177.1 hi
8.3% below 52W high — weakening from peak
Stock is rolling over from its 52W high. Stage 3 distribution — new longs are high risk here.
Stage Maturity
Week 4
1w13w26w
Week 4 — early distribution
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
3.0%
200 DMA: ₹157.6 · rising
Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.
Rel Volume
0.51x
vs 50-day avg
Volume spikes on down days during Stage 3 signal distribution — institutions are exiting. A clear warning to avoid new longs.
Trend Health
↓
MA20 rolling over · -1.7% vs MA50 -1.4%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-3.4%
3M
-2.3%
6M
+2.7%
YTD
+8.7%
1Y
+2.0%
Sector
Materials
↓ Peaking
Stage 2%
33.6%
20d Δ
-2.9pp
1M return
-1.6%
3M return
-2.6%
Sector Stage-2 % · last 20 days
Sector has 151 Stage 2 leaders. See Materials Stage 2 →
Industry
Wood Products
↓ Peaking
Stage 2%
14.3%
20d Δ
-14.3pp
1M return
-3.2%
3M return
-13.3%
Industry Stage-2 % · last 20 days
Industry has 1 Stage 2 leader. See Wood Products Stage 2 →
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 19w
S4 14w
S1 17w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 12w → S3 5w → S2 19w → S3 11w → S2 7w → S3 1w → S4 1w → S2 12w → S3 5w → S2 10w → S3 5w → S4 14w → S1 17w → S2 3w → S3 6w → S4 11w → S1 10w → S4 2w → S1 2w → S2 12w → S3 4w current
Total tracked: 168 weeks across 21 stage runs.
Scan Membership
Breakout Watch
Latest: 2026-07-03
5 appearances in last 60 days. First seen: 2024-06-14.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-16S3
Wk 4 · Vol 0.51x
2026-10-15S3
Wk 4 · Vol 0.04x
2026-10-14S3
Wk 4 · Vol 0.01x
2026-10-13S3
Wk 3 · Vol 0.51x
2026-10-12S3
Wk 3 · Vol 0.28x
2026-10-09S3
Wk 3 · Vol 1.24x
2026-10-08S3
Wk 3 · Vol 0.02x
2026-10-07S3
Wk 3 · Vol 0.73x
2026-10-06S3
Wk 2 · Vol 0.03x
2026-10-05S3
Wk 2 · Vol 1.35x
2026-10-01S3
Wk 2 · Vol 0.56x
2026-09-30S3
Wk 2 · Vol 0.09x
Sector Peers — Stage 2All →
OCCLLTD
wk 17 · -16.3% from hi
9.0
MUKANDLTD
wk 21 · -7.5% from hi
8.9
SUNFLAG
wk 3 · -9.3% from hi
8.8
CUBEXTUB
wk 2 · 0.0% from hi
8.7
NRL
wk 17 · 0.0% from hi
8.6
Moving averages & range
50 DMA
₹165.2
200 DMA
₹157.6
52W High
₹177.1
52W Low
₹141.8
5D Low
₹160.1
Resistance levels (recent highs)
20d High
₹168.5
60d High
₹170
120d High
₹177.1
250d High
₹177.1
Next resistance
+3.8%
to 20d High
Ask the Market AI about WIPLAsk →
P/E (TTM)
57.3
Forward —
Earnings Growth (YoY)
-1.9%
Revenue +1.8%
Dividend Yield
0.84%
P/B 2.5
About this companyMaterials· Wood Products

The Western India Plywoods Limited manufactures and sells hardboard, plywood, and compreg wood products in India and internationally. The company offers fire retardant and resin surfaced shuttering plywood for applications in industrial filters, and paneling and ceiling substrates in hotels, hospitals, theatres, etc.; marine plywood for boat building, and load and stress bearing industrial applications; and boiling water-resistant plywood used in furniture, structural work in interior design, auto motive coach building, and match-plates in foundries. It also provides standard hardboards for applications in automotive interior trims, shoe heel manufacture, fiber drum lid manufacture, clock backing, photo frame backing, furniture elements, partitions, etc.; oil tempered hardboards for shoe heel manufacture, automobile interior trims, and improving resistance to weathering; and perforated hardboards. In addition, the company offers densified wood laminates; soft board; pre-compressed pressboards for the high voltage and extra high voltage transformer industry; molded plywood furniture; doors; and wooden floorings under the ULTRAKILIK brand name. The Company was incorporated in 1945 and is based in Kannur, India.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.