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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 2024-07-29 View latest technical analysis

10 day averaged volume of Sumeet Ind is 480636

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	4.72	4.72	4.72	4.72	0.157 times
26 Fri Jul 2024	4.50	4.30	4.50	4.29	1.936 times
25 Thu Jul 2024	4.29	4.29	4.29	4.29	1.928 times
24 Wed Jul 2024	4.09	4.09	4.09	4.09	0.253 times
15 Mon Jul 2024	2.47	2.47	2.50	2.47	1.861 times
08 Mon Jul 2024	2.60	2.66	2.66	2.54	1.475 times
05 Fri Jul 2024	2.54	2.53	2.54	2.53	0.143 times
04 Thu Jul 2024	2.42	2.42	2.42	2.42	0.105 times
03 Wed Jul 2024	2.31	2.31	2.31	2.31	0.228 times
02 Tue Jul 2024	2.20	2.20	2.20	2.13	0.175 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 4.6, for a target of 3.6 or 2.76

Share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Target	1.90
Downside Target	2.00
Downside Target	2.21
Downside Target	2.35
Downside Target	2.47
Downside Target	2.60
Downside Target	2.66
Downside Target	2.80
Downside Target	3.80
Downside Target	4.50
Downside Target	4.72

Intraday share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Intraday Target	4.72
Downside Intraday Target	4.72
Downside Intraday Target	4.72
Downside Intraday Target	4.72
Downside Intraday Target	4.72

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	4.72	4.72	4.72	4.72	0.026 times
26 Fri Jul 2024	4.50	2.47	4.50	2.47	4.053 times
08 Mon Jul 2024	2.60	2.66	2.66	2.54	0.579 times
05 Fri Jul 2024	2.54	2.00	2.54	1.93	0.408 times
24 Mon Jun 2024	2.00	2.19	2.21	2.00	1.298 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
29 Mon Jul 2024	4.72	2.00	4.72	1.93	0.631 times
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

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 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 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 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 BUY. Signal strength is Strong 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 tired and bears are picking up momentum.

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 negative zone. This is the SELL 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 3.48 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.