Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-06-24 View latest technical analysis

10 day averaged volume of Sumeet Ind is 772170

Date	Daily Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	2.00	2.19	2.21	2.00	3.886 times
18 Tue Jun 2024	2.11	2.07	2.27	2.07	2.965 times
10 Mon Jun 2024	2.18	2.18	2.18	2.18	0.028 times
03 Mon Jun 2024	2.30	2.30	2.35	2.30	3.139 times
27 Mon May 2024	2.40	2.40	2.40	2.40	0.066 times
21 Tue May 2024	2.50	2.50	2.50	2.50	0.068 times
15 Wed May 2024	2.60	2.60	2.60	2.40	2.059 times
14 Tue May 2024	2.50	2.50	2.50	2.30	1.098 times
13 Mon May 2024	2.40	2.40	2.40	2.40	0.053 times
10 Fri May 2024	2.30	2.30	2.30	2.15	0.336 times

Stock of Sumeet Ind (SUMEETINDS_BE) has showed a significant fall. This could be a good time to exit from this stock.

Share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Target	1.90
Downside Target	1.95
Downside Target	2.00
Upside Target	2.07
Upside Target	2.21
Upside Target	2.27
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	1.93
Downside Intraday Target	1.86
Upside Intraday Target	2.14
Upside Intraday Target	2.28
Upside Intraday Target	2.07

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	2.00	2.19	2.21	2.00	1.298 times
18 Tue Jun 2024	2.11	2.18	2.27	2.07	0.953 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

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
24 Mon Jun 2024	2.00	2.30	2.35	2.00	1.84 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, and volume has increased substantially. This means that the move can 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 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 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 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 losing momentum.

MACD generated a SELL signal for Sumeet Ind in short term and the sell signal is strong.

Sumeet Ind Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 2.24 and Sumeet Ind (SUMEETINDS_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 Sumeet Ind (SUMEETINDS_BE) stock. Volume based technical analysis of Sumeet Ind (SUMEETINDS_BE) stock is negative.

Sumeet Ind 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.