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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 2024-03-14 View latest technical analysis

10 day averaged volume of Sumit Woods is 234691

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	54.80	51.00	55.90	50.90	0.437 times
13 Wed Mar 2024	53.55	56.95	56.95	53.55	0.078 times
12 Tue Mar 2024	56.35	59.95	59.95	56.35	0.152 times
11 Mon Mar 2024	59.30	61.00	62.95	58.20	0.165 times
06 Wed Dec 2023	54.70	54.70	54.70	49.60	3.336 times
05 Tue Dec 2023	52.10	52.10	52.10	52.10	0.307 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	2.366 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

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 52.6, but if it comes below 52.6, then a intra day sell could be more profitable.
If you take a sell trade below 52.6, then use 52.6 as stoploss and 43.67 as target. However if you take a buy trade in stock , then use 52.6 as stoploss and 63.3 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	50.90
Downside Target	54.70
Upside Target	62.95

Intraday share price targets for Sumit Woods (SUMIT)

Target Type	Value
Downside Intraday Target	49.48
Downside Intraday Target	44.17
Upside Intraday Target	61.53
Upside Intraday Target	68.27
Upside Intraday Target	56.22

Weekly technical analysis of Sumit Woods (SUMIT)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	54.80	61.00	62.95	50.90	0.22 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
14 Thu Mar 2024	54.80	61.00	62.95	50.90	0.135 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 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 51.66 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.