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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 2024-01-24 View latest technical analysis

10 day averaged volume of Sundaram Multi is 250506

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	2.85	2.85	2.85	2.80	0.772 times
23 Tue Jan 2024	2.85	2.95	2.95	2.85	1.17 times
22 Mon Jan 2024	2.90	2.85	2.90	2.85	0.424 times
19 Fri Jan 2024	2.85	2.80	2.85	2.80	0.682 times
18 Thu Jan 2024	2.80	2.80	2.80	2.80	1.413 times
17 Wed Jan 2024	2.85	2.85	2.90	2.85	1.231 times
16 Tue Jan 2024	2.90	2.95	2.95	2.90	0.749 times
15 Mon Jan 2024	2.95	3.00	3.00	2.95	0.648 times
12 Fri Jan 2024	3.00	3.00	3.00	2.95	1.141 times
11 Thu Jan 2024	3.00	3.00	3.00	3.00	1.656 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2.9, but if it comes above 2.9, then a intra day buy could be more profitable.
If you take a sell trade below 2.9, then use 2.9 as stoploss and 2.8 as target. However if you take a buy trade in stock , then use 2.9 as stoploss and 2.93 as target.

Share price targets for Sundaram Multi (SUNDARAM_BE)

Target Type	Value
Downside Target	2.70
Downside Target	2.80
Upside Target	3.00
Upside Target	3.10
Upside Target	3.15
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	2.78
Downside Intraday Target	2.72
Upside Intraday Target	2.93
Upside Intraday Target	3.02
Upside Intraday Target	2.87

Weekly technical analysis of Sundaram Multi (SUNDARAM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	2.85	2.85	2.95	2.80	0.501 times
19 Fri Jan 2024	2.85	3.00	3.00	2.80	0.793 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

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
24 Wed Jan 2024	2.85	2.95	3.00	2.80	0.538 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 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_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 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 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

Stock of Sundaram Multi is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.9 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 negative.

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