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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 2024-06-19 View latest technical analysis

10 day averaged volume of Sumit Woods is 30527

Date	Daily Closing Price	Open	High	Low	Volume
19 Wed Jun 2024	78.87	76.00	79.20	73.05	2.976 times
18 Tue Jun 2024	75.43	73.71	75.95	71.56	2.057 times
14 Fri Jun 2024	73.71	73.82	75.00	72.00	0.343 times
13 Thu Jun 2024	73.86	73.00	75.00	71.05	1.304 times
12 Wed Jun 2024	73.09	72.31	74.09	70.00	0.676 times
11 Tue Jun 2024	72.31	73.00	74.99	71.37	0.396 times
10 Mon Jun 2024	72.88	73.00	76.49	71.10	0.328 times
07 Fri Jun 2024	73.00	72.00	74.80	71.30	0.915 times
06 Thu Jun 2024	71.70	69.45	71.80	67.00	1.006 times
05 Wed Jun 2024	68.40	68.85	69.00	65.40	1.338 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 77.8, for a target of 75.2 or 73.04

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	51.05
Downside Target	57.55
Downside Target	65.40
Downside Target	68.20
Downside Target	74.95
Downside Target	75.75
Downside Target	76.00
Downside Target	76.49
Downside Target	78.00
Upside Target	78.90
Upside Target	79.20

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	73.89
Downside Intraday Target	68.9
Upside Intraday Target	81.53
Upside Intraday Target	84.18
Downside Intraday Target	76.54

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Wed Jun 2024	78.87	73.71	79.20	71.56	1.651 times
14 Fri Jun 2024	73.71	73.00	76.49	70.00	0.424 times
07 Fri Jun 2024	73.00	73.05	75.75	65.40	0.759 times
31 Fri May 2024	73.05	72.95	76.00	70.35	2.848 times
24 Fri May 2024	72.60	73.75	74.95	71.90	0.822 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
19 Wed Jun 2024	78.87	73.05	79.20	65.40	0.695 times
31 Fri May 2024	73.05	71.90	78.00	69.20	1.871 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

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_BE)

Price action analysis of Sumit Woods ( (SUMIT_BE) ) 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_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 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_BE) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 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 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 74.42 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.