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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 2023-12-05 View latest technical analysis

10 day averaged volume of Sumit Woods is 233908

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Dec 2023	52.10	52.10	52.10	52.10	0.308 times
04 Mon Dec 2023	49.65	49.65	49.65	49.65	0.14 times
01 Fri Dec 2023	47.30	47.30	47.30	47.30	2.374 times
30 Thu Nov 2023	45.05	45.05	45.05	45.05	0.194 times
29 Wed Nov 2023	42.95	42.95	42.95	42.95	0.215 times
28 Tue Nov 2023	40.95	40.65	40.95	37.90	3.058 times
24 Fri Nov 2023	39.00	39.30	39.55	38.10	0.824 times
23 Thu Nov 2023	37.70	35.00	37.70	35.00	0.713 times
22 Wed Nov 2023	35.95	37.65	37.65	34.85	0.398 times
21 Tue Nov 2023	36.65	37.85	38.20	36.10	0.67 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 52.8, for a target of 44.1 or 36.93

Share price targets for Sumit Woods (SUMIT)

Target Type	Value
Downside Target	27.25
Downside Target	28.00
Downside Target	30.80
Downside Target	31.95
Downside Target	33.75
Downside Target	35.15
Downside Target	37.00
Downside Target	37.90
Downside Target	39.55
Downside Target	45.05
Downside Target	47.30
Downside Target	49.65
Downside Target	52.10

Intraday share price targets for Sumit Woods (SUMIT)

Target Type	Value
Downside Intraday Target	50.47
Downside Intraday Target	48.83
Upside Intraday Target	52.92
Upside Intraday Target	53.73
Downside Intraday Target	51.28

Weekly technical analysis of Sumit Woods (SUMIT)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Dec 2023	52.10	49.65	52.10	49.65	0.077 times
01 Fri Dec 2023	47.30	40.65	47.30	37.90	1.454 times
24 Fri Nov 2023	39.00	36.90	39.55	33.75	1.704 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

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
05 Tue Dec 2023	52.10	47.30	52.10	47.30	0.21 times
30 Thu Nov 2023	45.05	29.05	45.05	27.25	9.416 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

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 Sumit Woods (SUMIT)

Price action analysis of Sumit Woods ( (SUMIT) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 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 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 positive zone. This is a BUY 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 42.32 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.