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

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

Showing technical analysis as on 2024-01-15 View latest technical analysis

10 day averaged volume of Sundaram Multi is 481939

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	2.95	3.00	3.00	2.95	0.337 times
12 Fri Jan 2024	3.00	3.00	3.00	2.95	0.593 times
11 Thu Jan 2024	3.00	3.00	3.00	3.00	0.861 times
10 Wed Jan 2024	2.95	2.95	2.95	2.95	0.46 times
09 Tue Jan 2024	2.90	2.90	2.90	2.90	0.444 times
08 Mon Jan 2024	2.90	2.90	2.90	2.90	0.737 times
05 Fri Jan 2024	2.95	3.00	3.00	2.95	1.037 times
04 Thu Jan 2024	3.00	3.00	3.00	2.95	2.74 times
03 Wed Jan 2024	2.95	2.85	2.95	2.85	2.322 times
02 Tue Jan 2024	2.90	2.90	2.90	2.90	0.566 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 2.9 as stoploss in an intra day buy trade for a target of 3.06. However, stock will show a bearish move below 2.9.

Share price targets for Sundaram Multi (SUNDARAM_BE)

Target Type	Value
Downside Target	2.70
Downside Target	2.85
Upside Target	3.00
Upside Target	3.10
Upside Target	3.15
Upside Target	3.20
Upside Target	3.40
Upside Target	3.45
Upside Target	3.50

Intraday share price targets for Sundaram Multi (SUNDARAM_BE)

Target Type	Value
Downside Intraday Target	2.93
Downside Intraday Target	2.92
Upside Intraday Target	2.98
Upside Intraday Target	3.02
Upside Intraday Target	2.97

Weekly technical analysis of Sundaram Multi (SUNDARAM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	2.95	3.00	3.00	2.95	0.109 times
12 Fri Jan 2024	3.00	2.90	3.00	2.90	0.448 times
05 Fri Jan 2024	2.95	2.95	3.00	2.85	11.266 times
29 Fri Dec 2023	3.00	3.15	3.15	3.00	0.059 times
22 Fri Dec 2023	3.20	3.45	3.45	3.20	1.112 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 Sundaram Multi (SUNDARAM_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	2.95	2.95	3.00	2.85	0.406 times
29 Fri Dec 2023	3.00	2.85	3.45	2.70	1.099 times
30 Thu Nov 2023	2.85	2.90	3.00	2.70	0.829 times
31 Tue Oct 2023	2.85	3.35	3.50	2.70	3.086 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_BE)

Price action analysis of Sundaram Multi ( (SUNDARAM_BE) ) 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_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 Sundaram Multi ( (SUNDARAM_BE) ) based on a short to mid 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.

Price action analysis of Sundaram Multi ( (SUNDARAM_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 Sundaram Multi stock for short term is SELL. Signal strength is Weak and stock is losing 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 2.96 and Sundaram Multi (SUNDARAM_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 Sundaram Multi (SUNDARAM_BE) stock. Volume based technical analysis of Sundaram Multi (SUNDARAM_BE) stock is negative.

Sundaram Multi 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.