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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)

10 day averaged volume of Sumeet Ind is 565464

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	2.20	2.20	2.25	2.20	1.038 times
15 Mon Apr 2024	2.30	2.30	2.30	2.30	0.11 times
12 Fri Apr 2024	2.40	2.45	2.45	2.40	0.359 times
10 Wed Apr 2024	2.50	2.55	2.55	2.50	0.244 times
09 Tue Apr 2024	2.60	2.80	2.80	2.60	3.384 times
08 Mon Apr 2024	2.70	2.65	2.70	2.60	1.131 times
05 Fri Apr 2024	2.60	2.40	2.60	2.40	1.487 times
04 Thu Apr 2024	2.50	2.50	2.50	2.50	0.295 times
03 Wed Apr 2024	2.60	2.80	2.80	2.60	2.98 times
02 Tue Apr 2024	2.70	2.70	2.70	2.70	0.005 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2.2, for a target of 2.4 or 2.62

Share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Target	2.20
Upside Target	2.30
Upside Target	2.40
Upside Target	2.50
Upside Target	2.70
Upside Target	2.80
Upside Target	2.90
Upside Target	3.00
Upside Target	3.35
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	2.17
Downside Intraday Target	2.13
Upside Intraday Target	2.27
Upside Intraday Target	2.33
Upside Intraday Target	2.23

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	2.20	2.30	2.30	2.20	0.224 times
12 Fri Apr 2024	2.40	2.65	2.80	2.40	1.072 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

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
16 Tue Apr 2024	2.20	2.50	2.80	2.20	2.308 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 down 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 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 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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Sumeet Ind in short term and the sell signal is strong.

Sumeet Ind Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 2.56 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.