Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-03-13 View latest technical analysis

10 day averaged volume of Sumit Woods is 252118

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	53.55	56.95	56.95	53.55	0.073 times
12 Tue Mar 2024	56.35	59.95	59.95	56.35	0.141 times
11 Mon Mar 2024	59.30	61.00	62.95	58.20	0.153 times
06 Wed Dec 2023	54.70	54.70	54.70	49.60	3.106 times
05 Tue Dec 2023	52.10	52.10	52.10	52.10	0.286 times
04 Mon Dec 2023	49.65	49.65	49.65	49.65	0.13 times
01 Fri Dec 2023	47.30	47.30	47.30	47.30	2.203 times
30 Thu Nov 2023	45.05	45.05	45.05	45.05	0.18 times
29 Wed Nov 2023	42.95	42.95	42.95	42.95	0.2 times
28 Tue Nov 2023	40.95	40.65	40.95	37.90	2.837 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 51.4, but if it comes below 51.4, then a intra day sell could be more profitable.
If you take a sell trade below 51.4, then use 51.4 as stoploss and 42.38 as target. However if you take a buy trade in stock , then use 51.4 as stoploss and 62.3 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	53.55
Upside Target	54.70
Upside Target	62.95

Intraday share price targets for Sumit Woods (SUMIT)

Target Type	Value
Downside Intraday Target	50.42
Downside Intraday Target	47.28
Upside Intraday Target	59.82
Upside Intraday Target	66.08
Upside Intraday Target	56.68

Weekly technical analysis of Sumit Woods (SUMIT)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	53.55	61.00	62.95	53.55	0.104 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 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 Sumit Woods (SUMIT)

Date	Monthly Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	53.55	61.00	62.95	53.55	0.064 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 down 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 losing momentum.

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

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 48.26 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.