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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 2024-04-02 View latest technical analysis

10 day averaged volume of Sumit Woods is 28300

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	57.10	56.00	57.10	55.95	2.095 times
01 Mon Apr 2024	54.40	51.85	54.40	51.85	0.851 times
28 Thu Mar 2024	51.85	54.95	54.95	50.30	0.815 times
27 Wed Mar 2024	52.45	54.35	55.70	52.15	1.299 times
26 Tue Mar 2024	54.30	55.85	56.50	52.00	1.9 times
22 Fri Mar 2024	53.85	53.90	54.40	51.25	0.624 times
21 Thu Mar 2024	51.85	52.95	52.95	51.10	0.467 times
20 Wed Mar 2024	51.55	54.75	54.75	50.75	1.575 times
19 Tue Mar 2024	52.40	53.20	53.20	51.15	0.81 times
18 Mon Mar 2024	53.20	53.15	54.80	51.30	0.68 times

Stock of Sumit Woods (SUMIT) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 56, but if it comes below 56, then a intra day sell could be more profitable.
If you take a sell trade below 56, then use 56 as stoploss and 52.95 as target. However if you take a buy trade in stock , then use 56 as stoploss and 59.8 as target.

Share price targets for Sumit Woods (SUMIT)

Target Type	Value
Downside Target	27.25
Downside Target	28.35
Downside Target	31.95
Downside Target	45.05
Downside Target	47.30
Downside Target	49.60
Downside Target	54.70
Downside Target	54.80
Downside Target	56.50
Downside Target	57.10
Upside Target	62.95

Intraday share price targets for Sumit Woods (SUMIT)

Target Type	Value
Downside Intraday Target	53.6
Downside Intraday Target	50.1
Upside Intraday Target	58.85
Upside Intraday Target	60.6
Downside Intraday Target	55.35

Weekly technical analysis of Sumit Woods (SUMIT)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	57.10	51.85	57.10	51.85	0.734 times
28 Thu Mar 2024	51.85	55.85	56.50	50.30	0.966 times
22 Fri Mar 2024	53.85	53.15	54.80	50.75	0.527 times
15 Fri Mar 2024	53.15	61.00	62.95	50.90	0.251 times
06 Wed Dec 2023	54.70	49.65	54.70	49.60	0.65 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
02 Tue Apr 2024	57.10	51.85	57.10	51.85	0.184 times
28 Thu Mar 2024	51.85	61.00	62.95	50.30	0.315 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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Sumit Woods ( (SUMIT) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 SELL signal for Sumit Woods in short term but the sell signal is initial and weak.

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

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 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

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 53.72 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.