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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 2024-06-06 View latest technical analysis

10 day averaged volume of Sundaram Multi is 3552087

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	2.85	2.85	2.90	2.80	0.341 times
05 Wed Jun 2024	2.80	2.75	2.85	2.70	0.808 times
04 Tue Jun 2024	2.70	3.00	3.00	2.50	1.832 times
03 Mon Jun 2024	3.00	2.80	3.20	2.75	3.282 times
31 Fri May 2024	2.70	2.90	2.90	2.65	1.841 times
30 Thu May 2024	2.85	2.90	2.90	2.80	0.211 times
29 Wed May 2024	2.85	2.90	2.90	2.80	0.389 times
28 Tue May 2024	2.85	2.95	2.95	2.85	0.655 times
27 Mon May 2024	2.90	2.95	3.00	2.90	0.299 times
24 Fri May 2024	2.95	2.95	3.00	2.90	0.205 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2.8 as stoploss in an intra day buy trade for a target of 2.91. However, stock will show a bearish move below 2.8.

Share price targets for Sundaram Multi (SUNDARAM)

Target Type	Value
Downside Target	2.50
Downside Target	2.60
Downside 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	2.5
Downside Intraday Target	2.15
Upside Intraday Target	3.2
Upside Intraday Target	3.55
Downside Intraday Target	2.85

Weekly technical analysis of Sundaram Multi (SUNDARAM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	2.85	2.80	3.20	2.50	1.845 times
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

Price has moved up 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
06 Thu Jun 2024	2.85	2.80	3.20	2.50	0.555 times
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

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 Sundaram Multi (SUNDARAM)

Price action analysis of Sundaram Multi ( (SUNDARAM) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Sundaram Multi stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Sundaram Multi in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sundaram Multi Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color Prices appear to be moving up

CCI has generated a buy signal for Sundaram Multi in short term but BUY 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

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 2.84 and Sundaram Multi (SUNDARAM) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.