(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, -1 | Sell |
| Stochastics | 32 | None |
| CCI | -8 | Buy |
| RSI | 56 | Buy |
| OBV | -2897193 | Sell |
| VWAP | 7 | Buy |
| ADL | 0 | Sell |
| ROC | -11 | Sell |
| Force Index | 0 | Sell |
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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