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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 2024-07-08 View latest technical analysis

10 day averaged volume of Sumit Woods is 71150

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	85.37	85.37	85.37	85.37	0.831 times
05 Fri Jul 2024	87.12	87.94	87.94	84.30	0.967 times
04 Thu Jul 2024	87.64	91.16	91.16	84.11	4.19 times
03 Wed Jul 2024	86.82	86.82	86.82	86.82	0.457 times
02 Tue Jul 2024	82.69	82.69	82.69	82.69	0.929 times
01 Mon Jul 2024	78.76	74.95	78.76	74.10	1.103 times
28 Fri Jun 2024	75.01	75.80	75.80	74.00	0.233 times
27 Thu Jun 2024	75.33	76.30	78.98	73.40	0.792 times
26 Wed Jun 2024	76.11	76.95	76.99	75.10	0.318 times
25 Tue Jun 2024	76.97	77.80	78.49	76.00	0.402 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 83.5, but if it comes below 83.5, then a intra day sell could be more profitable.
If you take a sell trade below 83.5, then use 83.5 as stoploss and 78.58 as target. However if you take a buy trade in stock , then use 83.5 as stoploss and 89.4 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	76.49
Downside Target	81.89
Downside Target	82.49
Downside Target	85.37
Upside Target	91.16

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	85.37
Downside Intraday Target	85.37
Downside Intraday Target	85.37
Downside Intraday Target	85.37
Downside Intraday Target	85.37

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	85.37	85.37	85.37	85.37	0.109 times
05 Fri Jul 2024	87.12	74.95	91.16	74.10	3.248 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

Price has moved down 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
08 Mon Jul 2024	85.37	74.95	91.16	74.10	0.782 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Sumit Woods in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 83.94 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.