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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 2024-04-09 View latest technical analysis

10 day averaged volume of Sumeet Ind is 408502

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	2.60	2.80	2.80	2.60	4.684 times
08 Mon Apr 2024	2.70	2.65	2.70	2.60	1.566 times
05 Fri Apr 2024	2.60	2.40	2.60	2.40	2.058 times
04 Thu Apr 2024	2.50	2.50	2.50	2.50	0.408 times
03 Wed Apr 2024	2.60	2.80	2.80	2.60	4.125 times
02 Tue Apr 2024	2.70	2.70	2.70	2.70	0.007 times
01 Mon Apr 2024	2.60	2.50	2.60	2.50	0.009 times
28 Thu Mar 2024	2.50	2.50	2.60	2.50	0.529 times
27 Wed Mar 2024	2.60	2.60	2.80	2.60	0.404 times
26 Tue Mar 2024	2.70	2.80	2.90	2.70	0.634 times

Stock of Sumeet Ind (SUMEETINDS_BE) has showed a significant fall. This could be a good time to exit from this stock.

Share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Target	2.40
Downside Target	2.50
Downside Target	2.60
Upside Target	2.70
Upside Target	2.90
Upside Target	3.00
Upside Target	3.35
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	2.53
Downside Intraday Target	2.47
Upside Intraday Target	2.73
Upside Intraday Target	2.87
Upside Intraday Target	2.67

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	2.60	2.65	2.80	2.60	0.946 times
05 Fri Apr 2024	2.60	2.50	2.80	2.40	4.216 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

Price has moved down 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
09 Tue Apr 2024	2.60	2.50	2.80	2.40	1.942 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, and volume has increased substantially. This means that the move can 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 losing momentum.

MACD generated a BUY signal for Sumeet Ind in short term but the buy signal is initial and weak.

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

Sumeet Ind 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 below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sumeet Ind in short term

RSI is generating a BUY signal in short term and the buying is gaining 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 2.61 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.