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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 2024-08-27 View latest technical analysis

10 day averaged volume of Sumit Woods is 160340

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	125.04	125.04	125.04	125.04	0.076 times
26 Mon Aug 2024	122.59	122.59	122.59	122.59	0.073 times
23 Fri Aug 2024	120.19	119.10	120.19	115.48	0.251 times
22 Thu Aug 2024	117.84	117.84	117.84	117.84	0.229 times
21 Wed Aug 2024	120.25	117.95	120.25	112.30	0.968 times
20 Tue Aug 2024	114.53	104.20	114.65	104.19	0.701 times
19 Mon Aug 2024	109.68	114.90	116.00	108.10	0.851 times
16 Fri Aug 2024	112.38	102.00	112.39	102.00	5.53 times
14 Wed Aug 2024	107.04	107.04	107.04	107.04	0.275 times
13 Tue Aug 2024	101.95	101.95	101.95	101.95	0.416 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 116.3, but if it comes below 116.3, then a intra day sell could be more profitable.
If you take a sell trade below 116.3, then use 116.3 as stoploss and 101.55 as target. However if you take a buy trade in stock , then use 116.3 as stoploss and 134 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	86.10
Downside Target	91.16
Downside Target	97.10
Downside Target	104.19
Downside Target	112.39
Downside Target	120.25
Downside Target	122.59
Downside Target	125.04

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	123.41
Downside Intraday Target	121.77
Upside Intraday Target	125.86
Upside Intraday Target	126.67
Downside Intraday Target	124.22

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	125.04	122.59	125.04	122.59	0.05 times
23 Fri Aug 2024	120.19	114.90	120.25	104.19	0.433 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

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
27 Tue Aug 2024	125.04	83.00	125.04	83.00	1.943 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 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

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 113.01 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.