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(SUMEETINDS) Sumeet Industries complete technical analysis [charts+indicators] | Buy/Sell Sumeet Industries | (SUMEETINDS) share price targets

Complete technical analysis of Sumeet Industries (SUMEETINDS) by charts plus indicators, forecast predictions and share price targets for Sumeet Industries (SUMEETINDS)

Sumeet Industries trades in NSE in Textiles sector.

10 day averaged volume of Sumeet Industries is 185147

Date Daily Closing Price Open High Low Volume
28 Tue Jun 2022 6.95 6.95 6.95 6.55 0.703 times
27 Mon Jun 2022 6.65 6.65 6.65 6.65 0.04 times
24 Fri Jun 2022 6.35 6.30 6.35 6.00 0.225 times
23 Thu Jun 2022 6.05 6.20 6.35 5.95 2.473 times
22 Wed Jun 2022 6.25 6.50 6.60 6.25 1.002 times
21 Tue Jun 2022 6.55 6.60 6.80 6.55 1.739 times
20 Mon Jun 2022 6.85 7.05 7.10 6.85 0.937 times
17 Fri Jun 2022 7.20 7.20 7.50 7.20 2.038 times
16 Thu Jun 2022 7.55 8.10 8.10 7.55 1.111 times
15 Wed Jun 2022 7.90 8.15 8.15 7.85 0.178 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 6.7 as stoploss in an intra day buy trade for a target of 7.38. However, stock will show a bearish move below 6.7.

Share price targets for Sumeet Industries (SUMEETINDS)

Target Type Value
Downside Target 5.95
Downside Target 6.55
Downside Target 6.95
Upside Target 7.10
Upside Target 7.40
Upside Target 7.55
Upside Target 8.15
Upside Target 8.35
Upside Target 8.55
Upside Target 9.20
Upside Target 9.85
Upside Target 11.65
Upside Target 13.00
Upside Target 14.45

Intraday share price targets for Sumeet Industries (SUMEETINDS)

Target Type Value
Downside Intraday Target 6.68
Downside Intraday Target 6.42
Upside Intraday Target 7.08
Upside Intraday Target 7.22
Downside Intraday Target 6.82

Weekly technical analysis of Sumeet Industries (SUMEETINDS)

Date Weekly Closing Price Open High Low Volume
28 Tue Jun 2022 6.95 6.65 6.95 6.55 0.116 times
24 Fri Jun 2022 6.35 7.05 7.10 5.95 1.526 times
17 Fri Jun 2022 7.20 7.85 8.15 7.20 1.071 times
10 Fri Jun 2022 7.75 7.80 8.35 7.70 0.539 times
03 Fri Jun 2022 8.00 8.35 8.55 7.70 1.484 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Sumeet Industries (SUMEETINDS)

Date Monthly Closing Price Open High Low Volume
28 Tue Jun 2022 6.95 8.00 8.55 5.95 0.756 times
31 Tue May 2022 8.00 11.65 11.65 7.55 0.418 times
29 Fri Apr 2022 12.25 7.60 13.00 7.60 1.936 times
31 Thu Mar 2022 7.45 9.70 9.85 7.40 0.471 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Sumeet Industries (SUMEETINDS)

Indicator Name Indicator Value Indicator Signal
ADX 24, 34, 17 Sell
MACD -1, -1Sell
Stochastics 32None
CCI -8Buy
RSI 56Buy
OBV -2897193Sell
VWAP 7Buy
ADL 0Sell
ROC -11Sell
Force Index 0Sell

Price action analysis of Sumeet Industries ( (SUMEETINDS) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Sumeet Industries ( (SUMEETINDS) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sumeet Industries ( (SUMEETINDS) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sumeet Industries ( (SUMEETINDS) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Sumeet Industries stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Sumeet Industries in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sumeet Industries Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sumeet Industries in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Sumeet Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6.71 and Sumeet Industries (SUMEETINDS) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Sumeet Industries (SUMEETINDS) stock. Volume based technical analysis of Sumeet Industries (SUMEETINDS) stock is negative.

Sumeet Industries Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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Daily charts

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Daily chart

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