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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 2024-07-03 View latest technical analysis

10 day averaged volume of Sumit Woods is 54085

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Jul 2024	86.82	86.82	86.82	86.82	0.601 times
02 Tue Jul 2024	82.69	82.69	82.69	82.69	1.223 times
01 Mon Jul 2024	78.76	74.95	78.76	74.10	1.451 times
28 Fri Jun 2024	75.01	75.80	75.80	74.00	0.306 times
27 Thu Jun 2024	75.33	76.30	78.98	73.40	1.042 times
26 Wed Jun 2024	76.11	76.95	76.99	75.10	0.418 times
25 Tue Jun 2024	76.97	77.80	78.49	76.00	0.529 times
24 Mon Jun 2024	79.10	81.89	81.89	75.45	0.802 times
21 Fri Jun 2024	79.32	81.79	82.49	79.00	0.911 times
20 Thu Jun 2024	81.20	82.00	82.00	80.00	1.64 times

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 85.5, for a target of 80.4 or 76.23

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	78.90
Downside Target	81.89
Downside Target	82.49
Downside Target	86.82

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	78.34
Downside Intraday Target	69.86
Upside Intraday Target	91.06
Upside Intraday Target	95.3
Downside Intraday Target	82.58

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Jul 2024	86.82	74.95	86.82	74.10	1.057 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
03 Wed Jul 2024	86.82	74.95	86.82	74.10	0.229 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 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 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_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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 79.62 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.