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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 2024-11-21 View latest technical analysis

10 day averaged volume of Sumit Woods is 20226

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Nov 2024	128.28	128.49	128.49	124.60	0.563 times
19 Tue Nov 2024	128.54	130.93	130.93	125.03	0.708 times
18 Mon Nov 2024	127.74	126.95	128.80	121.28	0.713 times
14 Thu Nov 2024	127.09	130.21	133.00	124.85	1.149 times
13 Wed Nov 2024	130.21	133.99	133.99	130.19	1.327 times
12 Tue Nov 2024	137.05	134.00	138.95	127.02	2.341 times
11 Mon Nov 2024	133.71	142.00	142.00	132.23	1.391 times
08 Fri Nov 2024	139.03	142.97	142.97	135.00	1.374 times
07 Thu Nov 2024	140.97	147.00	147.00	137.70	0.1 times
06 Wed Nov 2024	141.45	143.44	143.44	135.99	0.436 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 129.5, but if it comes above 129.5, then a intra day buy could be more profitable.
If you take a sell trade below 129.5, then use 129.5 as stoploss and 123.6 as target. However if you take a buy trade in stock , then use 129.5 as stoploss and 134.49 as target.

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	74.10
Downside Target	83.00
Downside Target	91.16
Downside Target	120.45
Upside Target	130.93
Upside Target	141.99
Upside Target	142.00
Upside Target	145.23
Upside Target	147.00
Upside Target	152.00
Upside Target	157.75

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	122.73
Downside Intraday Target	117.18
Upside Intraday Target	132.38
Upside Intraday Target	136.48
Downside Intraday Target	126.83

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Nov 2024	128.28	126.95	130.93	121.28	0.32 times
14 Thu Nov 2024	127.09	142.00	142.00	124.85	1.8 times
08 Fri Nov 2024	139.03	141.70	147.00	134.25	0.363 times
01 Fri Nov 2024	141.20	126.69	145.23	120.45	1.075 times
25 Fri Oct 2024	126.79	141.00	141.99	123.46	1.177 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
21 Thu Nov 2024	128.28	145.23	147.00	121.28	0.308 times
31 Thu Oct 2024	138.32	151.40	152.00	120.45	0.669 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

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 and the sell signal is strong.

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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sumit Woods in short term and SELL signal is strong!

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 133.31 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.