Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-10-15 View latest technical analysis

10 day averaged volume of Sumeet Ind is 430868

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	4.71	4.52	4.71	4.52	2.032 times
14 Mon Oct 2024	4.62	4.62	4.62	4.62	0.212 times
11 Fri Oct 2024	4.72	4.72	4.72	4.72	0.246 times
10 Thu Oct 2024	4.82	4.82	4.82	4.82	1.694 times
09 Wed Oct 2024	4.73	4.73	4.73	4.73	0.348 times
08 Tue Oct 2024	4.64	4.64	4.64	4.64	1.136 times
07 Mon Oct 2024	4.55	4.55	4.55	4.50	2.295 times
04 Fri Oct 2024	4.47	4.47	4.47	4.47	1.69 times
03 Thu Oct 2024	4.39	4.40	4.40	4.39	0.877 times
01 Tue Oct 2024	4.32	4.32	4.32	4.32	0.089 times

Stock of Sumeet Ind (SUMEETINDS_BE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4.7, but if it comes below 4.7, then a intra day sell could be more profitable.
If you take a sell trade below 4.7, then use 4.7 as stoploss and 4.22 as target. However if you take a buy trade in stock , then use 4.7 as stoploss and 5.2 as target.

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	2.88
Downside Target	3.76
Downside Target	4.15
Downside Target	4.47
Downside Target	4.52
Downside Target	4.71
Upside Target	4.82
Upside Target	5.19
Upside Target	5.29

Intraday share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Intraday Target	4.58
Downside Intraday Target	4.46
Upside Intraday Target	4.77
Upside Intraday Target	4.84
Downside Intraday Target	4.65

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	4.71	4.62	4.71	4.52	0.392 times
11 Fri Oct 2024	4.72	4.55	4.82	4.50	1.405 times
04 Fri Oct 2024	4.47	4.20	4.47	4.15	1.203 times
27 Fri Sep 2024	4.16	3.86	4.16	3.86	1.158 times
20 Fri Sep 2024	3.79	3.00	3.79	2.88	0.634 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
15 Tue Oct 2024	4.71	4.32	4.82	4.32	0.749 times
30 Mon Sep 2024	4.24	3.80	4.24	2.88	1.614 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

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 neutral. A longer time frame might give a better analysis.

Price action analysis of Sumeet Ind ( (SUMEETINDS_BE) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 SELL. Signal strength is Weak and stock is losing momentum.

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

Sumeet Ind Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 4.62 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.