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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 2024-09-23 View latest technical analysis

10 day averaged volume of Sumeet Ind is 324219

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	3.86	3.86	3.86	3.86	1.648 times
20 Fri Sep 2024	3.79	3.79	3.79	3.79	0.978 times
19 Thu Sep 2024	3.61	3.54	3.61	3.51	0.433 times
18 Wed Sep 2024	3.44	3.43	3.44	3.25	1.008 times
17 Tue Sep 2024	3.28	3.30	3.30	3.21	0.842 times
16 Mon Sep 2024	3.15	3.00	3.15	2.88	0.62 times
13 Fri Sep 2024	3.00	3.20	3.20	2.96	0.725 times
12 Thu Sep 2024	3.10	3.07	3.24	3.06	0.767 times
11 Wed Sep 2024	3.21	3.25	3.44	3.11	3.402 times
10 Tue Sep 2024	3.28	3.46	3.46	3.28	0.377 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 3.9 as stoploss in an intra day sell trade for a target of 3.58. However, stock will show a bullish move above 3.9.

Share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Target	1.93
Downside Target	2.00
Downside Target	2.35
Downside Target	2.60
Downside Target	2.88
Downside Target	2.96
Downside Target	3.57
Downside Target	3.65
Downside Target	3.76
Upside Target	3.93
Upside Target	4.08
Upside Target	5.19
Upside Target	5.29

Intraday share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Intraday Target	3.86
Downside Intraday Target	3.86
Downside Intraday Target	3.86
Downside Intraday Target	3.86
Downside Intraday Target	3.86

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	3.86	3.86	3.86	3.86	0.425 times
20 Fri Sep 2024	3.79	3.00	3.79	2.88	0.634 times
13 Fri Sep 2024	3.00	3.53	3.57	2.96	2.478 times
06 Fri Sep 2024	3.65	3.80	3.93	3.65	2.011 times
30 Fri Aug 2024	3.80	3.93	4.08	3.80	0.337 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
23 Mon Sep 2024	3.86	3.80	3.93	2.88	1.209 times
30 Fri Aug 2024	3.80	5.29	5.29	3.76	0.725 times
31 Wed Jul 2024	5.19	2.00	5.19	1.93	0.675 times
24 Mon Jun 2024	2.00	2.30	2.35	2.00	1.84 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 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 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 Strong 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 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 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 3.38 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 rising upwards.

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 is giving positive 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.