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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 221247

Date Daily Closing Price Open High Low Volume
16 Fri Apr 2021 5.85 5.85 5.85 5.85 0.274 times
15 Thu Apr 2021 6.15 6.60 6.60 6.15 0.596 times
13 Tue Apr 2021 6.45 6.05 6.60 6.05 1.307 times
12 Mon Apr 2021 6.30 6.05 6.35 5.75 1.464 times
09 Fri Apr 2021 6.05 6.05 6.05 5.90 1.314 times
08 Thu Apr 2021 5.80 5.75 5.80 5.65 1.845 times
07 Wed Apr 2021 5.55 5.50 5.55 5.05 1.777 times
06 Tue Apr 2021 5.30 5.35 5.35 5.25 1.236 times
05 Mon Apr 2021 5.10 5.10 5.10 5.10 0.262 times
01 Thu Apr 2021 4.90 4.90 4.90 4.90 0.106 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 5.9 as stoploss in an intra day sell trade for a target of 4.83. However, stock will show a bullish move above 5.9.

Share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type Value
Downside Target 2.30
Downside Target 2.85
Downside Target 3.00
Downside Target 3.10
Downside Target 3.50
Downside Target 3.65
Downside Target 3.80
Downside Target 4.30
Downside Target 4.50
Downside Target 4.70
Downside Target 4.90
Downside Target 5.05
Downside Target 5.75
Upside Target 6.05
Upside Target 6.60

Intraday share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type Value
Downside Intraday Target 5.53
Downside Intraday Target 5.22
Upside Intraday Target 6.38
Upside Intraday Target 6.92
Upside Intraday Target 6.07

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date Weekly Closing Price Open High Low Volume
16 Fri Apr 2021 5.85 6.05 6.60 5.75 0.566 times
09 Fri Apr 2021 6.05 5.10 6.05 5.05 21.462 times
01 Thu Apr 2021 4.90 4.50 4.90 4.50 0.241 times
26 Fri Mar 2021 4.30 3.65 4.30 3.65 1.01 times
19 Fri Mar 2021 3.50 2.95 3.50 2.85 0.486 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 Fri Apr 2021 5.85 4.90 6.60 4.90 1.92 times
31 Wed Mar 2021 4.70 2.95 4.70 2.85 2.752 times
22 Mon Feb 2021 3.10 3.80 3.80 3.10 0.347 times
25 Mon Jan 2021 3.70 3.15 3.85 3.15 3.627 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)

Indicator Name Indicator Value Indicator Signal
ADX 44, 25, 27 Buy
MACD 1, 1Buy
Stochastics 75Buy
CCI 22Sell
RSI 58Buy
OBV 2410914Sell
VWAP 6Sell
ADL 0Sell
ROC 24Buy
Force Index 0Sell

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

CCI has generated a SELL signal for Sumeet Ind in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

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 5.88 and Sumeet Ind (SUMEETINDS_BE) stock is trading below this level. This means that stock is falling with high volumes. 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.

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Daily charts

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Daily chart
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