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(SUMIT_BE) Sumit Woods complete technical analysis [charts+indicators] | Buy/Sell Sumit Woods | (SUMIT_BE) share price targets

Complete technical analysis of Sumit Woods (SUMIT_BE) by charts plus indicators, forecast predictions and share price targets for Sumit Woods (SUMIT_BE)

Showing technical analysis as on 2024-05-29 View latest technical analysis

10 day averaged volume of Sumit Woods is 28428

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	75.90	72.95	76.00	71.00	3.104 times
28 Tue May 2024	72.40	72.75	73.00	70.35	1.794 times
27 Mon May 2024	72.75	72.95	74.60	71.10	1.592 times
24 Fri May 2024	72.60	73.00	73.55	72.20	0.588 times
23 Thu May 2024	73.60	72.00	73.95	71.90	0.642 times
22 Wed May 2024	72.90	73.85	74.00	72.45	1.638 times
21 Tue May 2024	73.35	73.75	74.95	72.10	0.702 times
18 Sat May 2024	73.75	74.40	74.95	73.00	0.095 times
17 Fri May 2024	74.40	73.25	75.00	71.40	1.027 times
16 Thu May 2024	73.20	73.90	74.10	71.60	0.894 times

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

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 76.2, for a target of 74.8 or 73.58

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	49.90
Downside Target	51.05
Downside Target	57.55
Downside Target	65.85
Downside Target	68.20
Downside Target	73.00
Downside Target	74.95
Downside Target	75.60
Upside Target	76.00
Upside Target	78.00
Upside Target	78.90

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	72.17
Downside Intraday Target	68.43
Upside Intraday Target	77.82
Upside Intraday Target	79.73
Downside Intraday Target	74.08

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	75.90	72.95	76.00	70.35	1.818 times
24 Fri May 2024	72.60	73.75	74.95	71.90	0.822 times
18 Sat May 2024	73.75	74.05	75.60	71.25	1.319 times
10 Fri May 2024	74.05	73.00	78.00	71.75	0.987 times
03 Fri May 2024	72.65	72.30	73.00	69.20	0.843 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sumit Woods (SUMIT_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Wed May 2024	75.90	71.90	78.00	69.20	1.579 times
30 Tue Apr 2024	70.30	76.15	78.90	68.20	1.252 times
07 Thu Mar 2024	60.50	60.95	66.00	57.55	0.361 times
29 Thu Feb 2024	59.90	52.90	70.45	51.05	0.519 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Sumit Woods (SUMIT_BE)

Price action analysis of Sumit Woods ( (SUMIT_BE) ) 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_BE) ) 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_BE) ) based on a mid to longer 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.

ADX buy sell signal for Sumit Woods stock for short term is BUY. Signal strength is Weak 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

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 73.78 and Sumit Woods (SUMIT_BE) 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_BE) stock. Volume based technical analysis of Sumit Woods (SUMIT_BE) 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.