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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 2024-07-04 View latest technical analysis

10 day averaged volume of Sumit Woods is 48249

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	87.64	91.16	91.16	84.11	6.179 times
03 Wed Jul 2024	86.82	86.82	86.82	86.82	0.673 times
02 Tue Jul 2024	82.69	82.69	82.69	82.69	1.37 times
01 Mon Jul 2024	78.76	74.95	78.76	74.10	1.626 times
28 Fri Jun 2024	75.01	75.80	75.80	74.00	0.343 times
27 Thu Jun 2024	75.33	76.30	78.98	73.40	1.168 times
26 Wed Jun 2024	76.11	76.95	76.99	75.10	0.469 times
25 Tue Jun 2024	76.97	77.80	78.49	76.00	0.593 times
24 Mon Jun 2024	79.10	81.89	81.89	75.45	0.899 times
21 Fri Jun 2024	79.32	81.79	82.49	79.00	1.021 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 87.1, for a target of 81.7 or 77.19

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
Upside Target	91.16

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	77.44
Downside Intraday Target	67.24
Upside Intraday Target	94.5
Upside Intraday Target	101.36
Downside Intraday Target	84.3

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	87.64	74.95	91.16	74.10	2.837 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, 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
04 Thu Jul 2024	87.64	74.95	91.16	74.10	0.616 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 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 but buying is losing 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 82.87 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.