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(SUMEETINDS_BE) Sumeet Ind complete technical analysis [charts+indicators] | Buy/Sell Sumeet Ind | (SUMEETINDS_BE) share price targets

Complete technical analysis of Sumeet Ind (SUMEETINDS_BE) by charts plus indicators, forecast predictions and share price targets for Sumeet Ind (SUMEETINDS_BE)

10 day averaged volume of Sumeet Ind is 622102

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	4.89	4.89	4.89	4.88	1.516 times
16 Wed Oct 2024	4.80	4.80	4.80	4.61	2.707 times
15 Tue Oct 2024	4.71	4.52	4.71	4.52	1.407 times
14 Mon Oct 2024	4.62	4.62	4.62	4.62	0.147 times
11 Fri Oct 2024	4.72	4.72	4.72	4.72	0.17 times
10 Thu Oct 2024	4.82	4.82	4.82	4.82	1.173 times
09 Wed Oct 2024	4.73	4.73	4.73	4.73	0.241 times
08 Tue Oct 2024	4.64	4.64	4.64	4.64	0.787 times
07 Mon Oct 2024	4.55	4.55	4.55	4.50	1.589 times
04 Fri Oct 2024	4.47	4.47	4.47	4.47	1.171 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4.7, but if it comes below 4.7, then a intra day sell could be more profitable.
If you take a sell trade below 4.7, then use 4.7 as stoploss and 4.37 as target. However if you take a buy trade in stock , then use 4.7 as stoploss and 5.2 as target.

Share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Target	1.93
Downside Target	2.00
Downside Target	2.35
Downside Target	2.88
Downside Target	3.76
Downside Target	4.15
Downside Target	4.47
Downside Target	4.52
Downside Target	4.82
Downside Target	4.89
Upside Target	5.19
Upside Target	5.29

Intraday share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Intraday Target	4.64
Downside Intraday Target	4.4
Upside Intraday Target	5.01
Upside Intraday Target	5.14
Downside Intraday Target	4.77

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	4.89	4.62	4.89	4.52	1.459 times
11 Fri Oct 2024	4.72	4.55	4.82	4.50	1.405 times
04 Fri Oct 2024	4.47	4.20	4.47	4.15	1.203 times
27 Fri Sep 2024	4.16	3.86	4.16	3.86	1.158 times
20 Fri Sep 2024	3.79	3.00	3.79	2.88	0.634 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 Sumeet Ind (SUMEETINDS_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	4.89	4.32	4.89	4.32	1.179 times
30 Mon Sep 2024	4.24	3.80	4.24	2.88	1.614 times
30 Fri Aug 2024	3.80	5.29	5.29	3.76	0.725 times
31 Wed Jul 2024	5.19	2.00	5.19	1.93	0.675 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 Sumeet Ind (SUMEETINDS_BE)

Price action analysis of Sumeet Ind ( (SUMEETINDS_BE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Sumeet Ind ( (SUMEETINDS_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 Sumeet Ind ( (SUMEETINDS_BE) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Sumeet Ind stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Sumeet Ind in short term and the buy signal is strong.

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

Sumeet Ind 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Sumeet Ind in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Sumeet Ind is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4.71 and Sumeet Ind (SUMEETINDS_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Sumeet Ind (SUMEETINDS_BE) stock. Volume based technical analysis of Sumeet Ind (SUMEETINDS_BE) stock is negative.

Sumeet Ind Stock is giving positive 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.