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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 2024-07-01 View latest technical analysis

10 day averaged volume of Sumit Woods is 46954

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	78.76	74.95	78.76	74.10	1.671 times
28 Fri Jun 2024	75.01	75.80	75.80	74.00	0.352 times
27 Thu Jun 2024	75.33	76.30	78.98	73.40	1.2 times
26 Wed Jun 2024	76.11	76.95	76.99	75.10	0.481 times
25 Tue Jun 2024	76.97	77.80	78.49	76.00	0.61 times
24 Mon Jun 2024	79.10	81.89	81.89	75.45	0.924 times
21 Fri Jun 2024	79.32	81.79	82.49	79.00	1.049 times
20 Thu Jun 2024	81.20	82.00	82.00	80.00	1.889 times
19 Wed Jun 2024	78.87	76.00	79.20	73.05	1.935 times
18 Tue Jun 2024	75.43	73.71	75.95	71.56	1.338 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 78.2, but if it comes below 78.2, then a intra day sell could be more profitable.
If you take a sell trade below 78.2, then use 78.2 as stoploss and 74.79 as target. However if you take a buy trade in stock , then use 78.2 as stoploss and 82.3 as target.

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	57.55
Downside Target	65.40
Downside Target	68.20
Downside Target	71.56
Downside Target	73.40
Downside Target	75.75
Downside Target	78.00
Downside Target	78.76
Upside Target	78.90
Upside Target	81.89
Upside Target	82.49

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	75.65
Downside Intraday Target	72.55
Upside Intraday Target	80.31
Upside Intraday Target	81.87
Downside Intraday Target	77.21

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	78.76	74.95	78.76	74.10	0.469 times
28 Fri Jun 2024	75.01	81.89	81.89	73.40	0.574 times
21 Fri Jun 2024	79.32	73.71	82.49	71.56	3.134 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

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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	78.76	74.95	78.76	74.10	0.102 times
28 Fri Jun 2024	75.01	73.05	82.49	65.40	1.15 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

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 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 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 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 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. Bears are weakening, and bulls 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 buy signal for Sumit Woods in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 78.19 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.