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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 2024-09-12 View latest technical analysis

10 day averaged volume of Sumit Woods is 49867

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	146.34	146.34	146.34	146.34	1.253 times
11 Wed Sep 2024	149.33	155.42	155.42	149.33	2.022 times
10 Tue Sep 2024	152.38	152.38	152.38	152.38	0.065 times
09 Mon Sep 2024	149.40	149.40	149.40	149.40	0.313 times
06 Fri Sep 2024	146.48	146.48	146.48	146.48	0.274 times
05 Thu Sep 2024	143.61	143.61	143.61	143.61	0.058 times
04 Wed Sep 2024	140.80	140.80	140.80	140.80	0.24 times
03 Tue Sep 2024	138.04	138.04	138.04	138.04	6.593 times
02 Mon Sep 2024	135.34	135.34	135.34	135.34	0.192 times
30 Fri Aug 2024	132.69	132.69	132.69	132.69	0.145 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 145, but if it comes below 145, then a intra day sell could be more profitable.
If you take a sell trade below 145, then use 145 as stoploss and 131.73 as target. However if you take a buy trade in stock , then use 145 as stoploss and 160.9 as target.

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	65.40
Downside Target	69.20
Downside Target	74.10
Downside Target	78.00
Downside Target	82.49
Downside Target	91.16
Downside Target	97.10
Downside Target	104.19
Downside Target	112.39
Downside Target	120.25
Downside Target	132.69
Downside Target	135.34
Downside Target	146.34
Upside Target	146.48
Upside Target	155.42

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	143.31
Downside Intraday Target	140.29
Upside Intraday Target	152.39
Upside Intraday Target	158.45
Upside Intraday Target	149.37

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	146.34	149.40	155.42	146.34	0.497 times
06 Fri Sep 2024	146.48	135.34	146.48	135.34	9.362 times
30 Fri Aug 2024	132.69	122.59	132.69	122.59	0.081 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

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
12 Thu Sep 2024	146.34	135.34	155.42	135.34	0.312 times
30 Fri Aug 2024	132.69	83.00	132.69	83.00	1.96 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

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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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.

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 141.6 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.