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(SUMIT) Sumit Woods complete technical analysis [charts+indicators] | Buy/Sell Sumit Woods | (SUMIT) share price targets

Complete technical analysis of Sumit Woods (SUMIT) by charts plus indicators, forecast predictions and share price targets for Sumit Woods (SUMIT)

Showing technical analysis as on 2023-11-23 View latest technical analysis

10 day averaged volume of Sumit Woods is 139585

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu Nov 2023	37.70	35.00	37.70	35.00	1.195 times
22 Wed Nov 2023	35.95	37.65	37.65	34.85	0.667 times
21 Tue Nov 2023	36.65	37.85	38.20	36.10	1.123 times
20 Mon Nov 2023	36.40	36.90	36.90	33.75	2.369 times
17 Fri Nov 2023	35.15	35.15	35.15	35.15	0.462 times
16 Thu Nov 2023	33.50	33.00	33.50	32.60	0.507 times
15 Wed Nov 2023	31.95	31.90	31.95	31.55	0.738 times
13 Mon Nov 2023	30.45	28.20	30.45	28.20	1.395 times
12 Sun Nov 2023	29.00	28.70	29.00	28.00	0.849 times
10 Fri Nov 2023	27.70	27.70	29.40	27.45	0.871 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 38.3, for a target of 34.5 or 31.34

Share price targets for Sumit Woods (SUMIT)

Target Type	Value
Downside Target	10.00
Downside Target	18.00
Downside Target	27.25
Downside Target	30.80
Downside Target	31.95
Downside Target	33.75
Downside Target	34.15
Downside Target	34.20
Downside Target	35.15
Downside Target	37.00
Upside Target	38.00
Upside Target	38.20

Intraday share price targets for Sumit Woods (SUMIT)

Target Type	Value
Downside Intraday Target	34.9
Downside Intraday Target	32.1
Upside Intraday Target	39.35
Upside Intraday Target	41
Downside Intraday Target	36.55

Weekly technical analysis of Sumit Woods (SUMIT)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu Nov 2023	37.70	36.90	38.20	33.75	1.354 times
17 Fri Nov 2023	35.15	28.70	35.15	28.00	1.008 times
10 Fri Nov 2023	27.70	28.10	30.80	27.25	1.18 times
03 Fri Nov 2023	29.15	31.00	31.05	27.60	2.818 times
27 Fri Oct 2023	29.65	31.55	31.95	28.85	3.793 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 Sumit Woods (SUMIT)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Thu Nov 2023	37.70	29.05	38.20	27.25	6.411 times
31 Tue Oct 2023	28.70	31.55	31.95	28.35	4.536 times
06 Tue Jun 2023	35.90	35.05	37.00	34.15	0.278 times
31 Wed May 2023	35.05	38.00	38.00	34.20	0.107 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 Sumit Woods (SUMIT)

Price action analysis of Sumit Woods ( (SUMIT) ) 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 Sumit Woods ( (SUMIT) ) 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 Sumit Woods ( (SUMIT) ) 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 Sumit Woods stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Sumit Woods in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sumit Woods 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Sumit Woods 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 Sumit Woods is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 33.85 and Sumit Woods (SUMIT) 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 Sumit Woods (SUMIT) stock. Volume based technical analysis of Sumit Woods (SUMIT) stock is negative.

Sumit Woods 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.