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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 2024-08-05 View latest technical analysis

10 day averaged volume of Sumit Woods is 10713

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	86.05	86.10	86.10	84.37	2.107 times
02 Fri Aug 2024	86.10	84.74	86.10	84.74	0.976 times
01 Thu Aug 2024	84.74	83.00	84.89	83.00	1.063 times
31 Wed Jul 2024	83.25	83.10	83.99	83.00	0.872 times
30 Tue Jul 2024	83.10	83.10	83.20	83.10	0.37 times
29 Mon Jul 2024	83.01	81.39	83.01	81.39	0.977 times
26 Fri Jul 2024	81.39	81.44	81.44	80.95	1.729 times
25 Thu Jul 2024	79.86	81.00	81.00	79.86	0.512 times
24 Wed Jul 2024	81.49	78.51	81.49	78.51	0.825 times
23 Tue Jul 2024	80.00	80.10	80.10	78.49	1.299 times

Stock of Sumit Woods (SUMIT_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 84.6, but if it comes below 84.6, then a intra day sell could be more profitable.
If you take a sell trade below 84.6, then use 84.6 as stoploss and 82.51 as target. However if you take a buy trade in stock , then use 84.6 as stoploss and 87.1 as target.

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	65.40
Downside Target	68.20
Downside Target	74.10
Downside Target	78.00
Downside Target	81.39
Downside Target	83.00
Downside Target	84.37
Downside Target	85.37
Upside Target	86.10
Upside Target	91.16

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	84.91
Downside Intraday Target	83.78
Upside Intraday Target	86.64
Upside Intraday Target	87.24
Downside Intraday Target	85.51

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	86.05	86.10	86.10	84.37	0.495 times
02 Fri Aug 2024	86.10	81.39	86.10	81.39	0.742 times
26 Fri Jul 2024	81.39	79.98	81.49	78.49	0.714 times
19 Fri Jul 2024	79.99	81.83	81.85	78.60	0.472 times
12 Fri Jul 2024	81.83	85.37	85.37	81.63	0.336 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
05 Mon Aug 2024	86.05	83.00	86.10	83.00	0.049 times
31 Wed Jul 2024	83.25	74.95	91.16	74.10	1.164 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

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 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 stronger in this stock.

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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 83.19 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.