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

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

Showing technical analysis as on 2024-04-02 View latest technical analysis

10 day averaged volume of Sumeet Ind is 159909

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	2.70	2.70	2.70	2.70	0.018 times
01 Mon Apr 2024	2.60	2.50	2.60	2.50	0.023 times
28 Thu Mar 2024	2.50	2.50	2.60	2.50	1.352 times
27 Wed Mar 2024	2.60	2.60	2.80	2.60	1.032 times
26 Tue Mar 2024	2.70	2.80	2.90	2.70	1.619 times
22 Fri Mar 2024	2.80	2.85	2.85	2.75	0.666 times
21 Thu Mar 2024	2.75	2.75	2.85	2.70	1.093 times
20 Wed Mar 2024	2.75	2.80	2.90	2.70	0.634 times
19 Tue Mar 2024	2.80	3.00	3.00	2.75	1.313 times
18 Mon Mar 2024	2.90	3.00	3.00	2.85	0.862 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 2.6 as stoploss in an intra day buy trade for a target of 3.01. However, stock will show a bearish move below 2.6.

Share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Target	2.50
Downside Target	2.70
Upside Target	2.90
Upside Target	3.00
Upside Target	3.30
Upside Target	3.45
Upside Target	3.80
Upside Target	4.00
Upside Target	4.60
Upside Target	4.90
Upside Target	5.30

Intraday share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Intraday Target	2.57
Downside Intraday Target	2.43
Upside Intraday Target	2.77
Upside Intraday Target	2.83
Downside Intraday Target	2.63

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	2.70	2.50	2.70	2.50	0.01 times
28 Thu Mar 2024	2.50	2.80	2.90	2.50	0.876 times
22 Fri Mar 2024	2.80	3.00	3.00	2.70	1.178 times
15 Fri Mar 2024	2.90	3.45	3.45	2.75	1.512 times
07 Thu Mar 2024	3.35	3.80	3.80	3.30	0.299 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 Ind (SUMEETINDS_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	2.70	2.50	2.70	2.50	0.002 times
28 Thu Mar 2024	2.50	3.50	3.80	2.50	0.555 times
29 Thu Feb 2024	3.65	3.95	4.90	3.35	36.286 times
29 Mon Jan 2024	3.80	4.60	4.60	3.80	0.033 times

Scroll below to view daily charts

Price has moved up 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 Ind (SUMEETINDS_BE)

Price action analysis of Sumeet Ind ( (SUMEETINDS_BE) ) 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 Ind ( (SUMEETINDS_BE) ) 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 Ind ( (SUMEETINDS_BE) ) 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 Ind stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Sumeet Ind in short term

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

Sumeet Ind Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

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

RSI is generating a SELL signal in short term and selling is picking up 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 Ind is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.71 and Sumeet Ind (SUMEETINDS_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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

Sumeet Ind 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.