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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)

Showing technical analysis as on 2024-06-10 View latest technical analysis

10 day averaged volume of Sumeet Ind is 600079

Date	Daily Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	2.18	2.18	2.18	2.18	0.036 times
03 Mon Jun 2024	2.30	2.30	2.35	2.30	4.039 times
27 Mon May 2024	2.40	2.40	2.40	2.40	0.085 times
21 Tue May 2024	2.50	2.50	2.50	2.50	0.088 times
15 Wed May 2024	2.60	2.60	2.60	2.40	2.649 times
14 Tue May 2024	2.50	2.50	2.50	2.30	1.413 times
13 Mon May 2024	2.40	2.40	2.40	2.40	0.068 times
10 Fri May 2024	2.30	2.30	2.30	2.15	0.433 times
09 Thu May 2024	2.20	2.20	2.20	2.15	0.242 times
08 Wed May 2024	2.10	2.05	2.10	1.95	0.649 times

My analysis of stock is bearish for shortterm, and stock might move down till 2 or till 1.8. Use a stoploss of 2.22 and if the stock hits stoploss, then it can shoot up till 2.4

Share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Target	1.90
Downside Target	1.95
Downside Target	2.18
Upside Target	2.30
Upside Target	2.35
Upside Target	2.40
Upside Target	2.50
Upside Target	2.60
Upside Target	2.80
Upside Target	3.35
Upside Target	3.80
Upside Target	4.90

Intraday share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Intraday Target	2.18
Downside Intraday Target	2.18
Downside Intraday Target	2.18
Downside Intraday Target	2.18
Downside Intraday Target	2.18

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	2.18	2.18	2.18	2.18	0.009 times
03 Mon Jun 2024	2.30	2.30	2.35	2.30	47.593 times
27 Mon May 2024	2.40	2.40	2.40	2.40	0.965 times
21 Tue May 2024	2.50	2.50	2.50	2.50	0.021 times
15 Wed May 2024	2.60	2.40	2.60	2.30	2.025 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 Sumeet Ind (SUMEETINDS_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	2.18	2.30	2.35	2.18	0.582 times
27 Mon May 2024	2.40	2.10	2.60	1.95	0.214 times
30 Tue Apr 2024	2.10	2.50	2.80	1.90	7.271 times
28 Thu Mar 2024	2.50	3.50	3.80	2.50	0.555 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 Sumeet Ind (SUMEETINDS_BE)

Price action analysis of Sumeet Ind ( (SUMEETINDS_BE) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sumeet Ind ( (SUMEETINDS_BE) ) based on a short 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 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 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 Sumeet Ind stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

Sumeet Ind 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. Bulls are getting tired and bears 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 Sumeet Ind 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 Sumeet Ind is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.4 and Sumeet Ind (SUMEETINDS_BE) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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