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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 2024-03-12 View latest technical analysis

10 day averaged volume of Sumit Woods is 265234

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	56.35	59.95	59.95	56.35	0.134 times
11 Mon Mar 2024	59.30	61.00	62.95	58.20	0.146 times
06 Wed Dec 2023	54.70	54.70	54.70	49.60	2.952 times
05 Tue Dec 2023	52.10	52.10	52.10	52.10	0.272 times
04 Mon Dec 2023	49.65	49.65	49.65	49.65	0.124 times
01 Fri Dec 2023	47.30	47.30	47.30	47.30	2.094 times
30 Thu Nov 2023	45.05	45.05	45.05	45.05	0.172 times
29 Wed Nov 2023	42.95	42.95	42.95	42.95	0.19 times
28 Tue Nov 2023	40.95	40.65	40.95	37.90	2.696 times
24 Fri Nov 2023	39.00	39.30	39.55	38.10	0.726 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 50.3, but if it comes below 50.3, then a intra day sell could be more profitable.
If you take a sell trade below 50.3, then use 50.3 as stoploss and 41.09 as target. However if you take a buy trade in stock , then use 50.3 as stoploss and 61.4 as target.

Share price targets for Sumit Woods (SUMIT)

Target Type	Value
Downside Target	27.25
Downside Target	28.00
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	49.60
Downside Target	54.70
Downside Target	56.35
Upside Target	62.95

Intraday share price targets for Sumit Woods (SUMIT)

Target Type	Value
Downside Intraday Target	54.15
Downside Intraday Target	51.95
Upside Intraday Target	60.75
Upside Intraday Target	65.15
Upside Intraday Target	58.55

Weekly technical analysis of Sumit Woods (SUMIT)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	56.35	61.00	62.95	56.35	0.084 times
06 Wed Dec 2023	54.70	49.65	54.70	49.60	0.65 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

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
12 Tue Mar 2024	56.35	61.00	62.95	56.35	0.051 times
06 Wed Dec 2023	54.70	47.30	54.70	47.30	0.459 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

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 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 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 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 losing 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 coming down

CCI has generated a SELL signal for Sumit Woods 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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Sumit Woods is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 47.51 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.