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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 2024-10-11 View latest technical analysis

10 day averaged volume of Sumit Woods is 25404

Date	Daily Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	133.82	131.90	134.91	127.00	1.558 times
10 Thu Oct 2024	131.41	132.30	133.64	128.75	1.589 times
09 Wed Oct 2024	133.64	135.99	137.50	131.00	1.593 times
08 Tue Oct 2024	136.47	131.70	141.29	131.65	3.522 times
07 Mon Oct 2024	138.58	145.90	146.25	138.58	0.813 times
04 Fri Oct 2024	145.88	146.25	146.25	145.88	0.296 times
03 Thu Oct 2024	148.86	151.70	151.70	148.86	0.328 times
01 Tue Oct 2024	151.90	151.40	152.00	151.40	0.618 times
30 Mon Sep 2024	154.40	156.99	156.99	154.40	0.13 times
27 Fri Sep 2024	157.00	156.00	157.00	155.90	0.89 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 139.3, but if it comes above 139.3, then a intra day buy could be more profitable.
If you take a sell trade below 139.3, then use 139.3 as stoploss and 129.4 as target. However if you take a buy trade in stock , then use 139.3 as stoploss and 147.57 as target.

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	65.40
Downside Target	74.10
Downside Target	82.49
Downside Target	91.16
Downside Target	127.00
Downside Target	132.69
Upside Target	135.34
Upside Target	143.41
Upside Target	152.00
Upside Target	155.42
Upside Target	156.99
Upside Target	157.00
Upside Target	157.75

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	125.13
Downside Intraday Target	116.44
Upside Intraday Target	144.38
Upside Intraday Target	154.94
Upside Intraday Target	135.69

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	133.82	145.90	146.25	127.00	6.61 times
04 Fri Oct 2024	145.88	156.99	156.99	145.88	0.242 times
27 Fri Sep 2024	157.00	155.65	157.00	148.95	0.331 times
20 Fri Sep 2024	155.70	143.61	157.75	143.61	1.993 times
13 Fri Sep 2024	143.41	149.40	155.42	143.41	0.595 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sumit Woods (SUMIT_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	133.82	151.40	152.00	127.00	0.225 times
30 Mon Sep 2024	154.40	135.34	157.75	135.34	0.663 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

Scroll below to view daily charts

Price has moved down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sumit Woods ( (SUMIT_BE) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Sumit Woods in short term but the sell signal is initial and weak.

Sumit Woods Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term but selling is losing 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 138.41 and Sumit Woods (SUMIT_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.