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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 2024-07-03 View latest technical analysis

10 day averaged volume of Sumeet Ind is 1127222

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Jul 2024	2.31	2.31	2.31	2.31	0.097 times
02 Tue Jul 2024	2.20	2.20	2.20	2.13	0.075 times
01 Mon Jul 2024	2.10	2.00	2.10	1.93	0.809 times
24 Mon Jun 2024	2.00	2.19	2.21	2.00	2.662 times
18 Tue Jun 2024	2.11	2.07	2.27	2.07	2.031 times
10 Mon Jun 2024	2.18	2.18	2.18	2.18	0.019 times
03 Mon Jun 2024	2.30	2.30	2.35	2.30	2.15 times
27 Mon May 2024	2.40	2.40	2.40	2.40	0.045 times
21 Tue May 2024	2.50	2.50	2.50	2.50	0.047 times
15 Wed May 2024	2.60	2.60	2.60	2.40	1.41 times

My analysis of stock is bullish for shortterm, and stock might move up till 2.4 or till 2.6. Use a stoploss of 2.22 and if this stock hits its stoploss, then it can fall down till 2.04

Share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Target	1.90
Downside Target	2.00
Downside Target	2.07
Downside Target	2.21
Downside Target	2.27
Upside Target	2.35
Upside Target	2.40
Upside Target	2.50
Upside Target	2.60
Upside Target	2.80
Upside Target	3.80

Intraday share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Intraday Target	2.06
Downside Intraday Target	1.8
Upside Intraday Target	2.44
Upside Intraday Target	2.56
Downside Intraday Target	2.18

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Jul 2024	2.31	2.00	2.31	1.93	0.368 times
24 Mon Jun 2024	2.00	2.19	2.21	2.00	1.298 times
18 Tue Jun 2024	2.11	2.18	2.27	2.07	0.953 times
03 Mon Jun 2024	2.30	2.30	2.35	2.30	47.593 times
27 Mon May 2024	2.40	2.40	2.40	2.40	0.965 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
03 Wed Jul 2024	2.31	2.00	2.31	1.93	0.143 times
24 Mon Jun 2024	2.00	2.30	2.35	2.00	1.84 times
27 Mon May 2024	2.40	2.10	2.60	1.95	0.214 times
30 Tue Apr 2024	2.10	2.50	2.80	1.90	7.271 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sumeet Ind in short term and BUY signal is strong.

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

Stock of Sumeet Ind is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.2 and Sumeet Ind (SUMEETINDS_BE) 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 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.