Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-19 View latest technical analysis

10 day averaged volume of Sumit Woods is 122913

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	109.68	114.90	116.00	108.10	1.11 times
16 Fri Aug 2024	112.38	102.00	112.39	102.00	7.214 times
14 Wed Aug 2024	107.04	107.04	107.04	107.04	0.359 times
13 Tue Aug 2024	101.95	101.95	101.95	101.95	0.542 times
12 Mon Aug 2024	97.10	97.10	97.10	97.10	0.921 times
09 Fri Aug 2024	92.48	92.48	92.48	92.48	0.1 times
08 Thu Aug 2024	90.67	90.67	90.67	90.67	0.278 times
07 Wed Aug 2024	88.90	88.90	88.90	88.90	0.18 times
06 Tue Aug 2024	87.16	86.05	87.16	86.00	0.139 times
05 Mon Aug 2024	86.05	86.10	86.10	84.37	0.184 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 112, for a target of 99.9 or 89.82

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	86.10
Downside Target	91.16
Downside Target	92.48
Downside Target	97.10
Downside Target	108.10
Upside Target	112.39
Upside Target	116.00

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	106.52
Downside Intraday Target	103.36
Upside Intraday Target	114.42
Upside Intraday Target	119.16
Upside Intraday Target	111.26

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	109.68	114.90	116.00	108.10	0.123 times
16 Fri Aug 2024	112.38	97.10	112.39	97.10	10.279 times
09 Fri Aug 2024	92.48	86.10	92.48	84.37	2.369 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

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
19 Mon Aug 2024	109.68	83.00	116.00	83.00	1.533 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, and volume has increased substantially. This means that the move can 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 neutral. A longer time frame might give a better analysis.

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 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 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

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 108.28 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.