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(SUNDARAM) Sundaram Multi complete technical analysis [charts+indicators] | Buy/Sell Sundaram Multi | (SUNDARAM) share price targets

Complete technical analysis of Sundaram Multi (SUNDARAM) by charts plus indicators, forecast predictions and share price targets for Sundaram Multi (SUNDARAM)

Sundaram Multi trades in NSE in Comm.Printing sector.

Showing technical analysis as on 2024-05-31 View latest technical analysis

10 day averaged volume of Sundaram Multi is 1543049

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	2.70	2.90	2.90	2.65	4.238 times
30 Thu May 2024	2.85	2.90	2.90	2.80	0.485 times
29 Wed May 2024	2.85	2.90	2.90	2.80	0.896 times
28 Tue May 2024	2.85	2.95	2.95	2.85	1.507 times
27 Mon May 2024	2.90	2.95	3.00	2.90	0.689 times
24 Fri May 2024	2.95	2.95	3.00	2.90	0.473 times
23 Thu May 2024	2.95	2.90	3.00	2.90	1.099 times
22 Wed May 2024	2.95	3.00	3.00	2.90	0.72 times
21 Tue May 2024	2.95	3.00	3.05	2.90	1.446 times
18 Sat May 2024	3.00	3.00	3.05	2.95	0.118 times

Stock of Sundaram Multi (SUNDARAM) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2.8, for a target of 2.9 or 2.96

Share price targets for Sundaram Multi (SUNDARAM)

Target Type	Value
Downside Target	2.50
Downside Target	2.60
Upside Target	2.75
Upside Target	2.90
Upside Target	3.10
Upside Target	3.20
Upside Target	3.25
Upside Target	3.35
Upside Target	3.70
Upside Target	4.20

Intraday share price targets for Sundaram Multi (SUNDARAM)

Target Type	Value
Downside Intraday Target	2.57
Downside Intraday Target	2.43
Upside Intraday Target	2.92
Upside Intraday Target	3.13
Upside Intraday Target	2.78

Weekly technical analysis of Sundaram Multi (SUNDARAM)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	2.70	2.95	3.00	2.65	2.091 times
24 Fri May 2024	2.95	3.00	3.05	2.90	0.598 times
18 Sat May 2024	3.00	3.05	3.10	2.90	1.717 times
10 Fri May 2024	3.00	3.20	3.20	3.00	0.405 times
03 Fri May 2024	3.10	3.20	3.25	3.10	1.005 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 Sundaram Multi (SUNDARAM)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Fri May 2024	2.70	3.10	3.25	2.65	0.264 times
30 Tue Apr 2024	3.10	2.85	3.70	2.75	1.512 times
28 Thu Mar 2024	2.80	3.25	3.35	2.60	0.396 times
29 Thu Feb 2024	3.15	3.50	4.20	2.95	5.277 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 Sundaram Multi (SUNDARAM)

Price action analysis of Sundaram Multi ( (SUNDARAM) ) 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 Sundaram Multi ( (SUNDARAM) ) 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 Sundaram Multi ( (SUNDARAM) ) 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 Sundaram Multi stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Sundaram Multi in short term and the sell signal is strong.

Sundaram Multi 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 Sundaram Multi in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying 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 Sundaram Multi is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.83 and Sundaram Multi (SUNDARAM) 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 Sundaram Multi (SUNDARAM) stock. Volume based technical analysis of Sundaram Multi (SUNDARAM) stock is negative.

Sundaram Multi 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.