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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 2024-08-05 View latest technical analysis

10 day averaged volume of Sumeet Ind is 547373

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	4.89	4.89	4.89	4.89	0.058 times
02 Fri Aug 2024	4.99	4.99	4.99	4.99	0.288 times
01 Thu Aug 2024	5.10	5.29	5.29	5.10	2.405 times
31 Wed Jul 2024	5.19	5.19	5.19	5.19	0.298 times
30 Tue Jul 2024	4.95	4.95	4.95	4.95	0.328 times
29 Mon Jul 2024	4.72	4.72	4.72	4.72	0.138 times
26 Fri Jul 2024	4.50	4.30	4.50	4.29	1.7 times
25 Thu Jul 2024	4.29	4.29	4.29	4.29	1.693 times
24 Wed Jul 2024	4.09	4.09	4.09	4.09	0.222 times
15 Mon Jul 2024	2.47	2.47	2.50	2.47	1.634 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 3.4 as target. However if you take a buy trade in stock , then use 4.7 as stoploss and 6.2 as target.

Share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Target	1.90
Downside Target	2.00
Downside Target	2.35
Downside Target	2.47
Downside Target	2.54
Downside Target	2.60
Downside Target	2.66
Downside Target	2.80
Downside Target	4.50
Downside Target	4.72
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	4.89
Downside Intraday Target	4.89
Downside Intraday Target	4.89
Downside Intraday Target	4.89
Downside Intraday Target	4.89

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	4.89	4.89	4.89	4.89	0.017 times
02 Fri Aug 2024	4.99	4.72	5.29	4.72	0.659 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

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
05 Mon Aug 2024	4.89	5.29	5.29	4.89	0.288 times
31 Wed Jul 2024	5.19	2.00	5.19	1.93	0.675 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 neutral. A longer time frame might give a better analysis.

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 coming down

CCI has generated a SELL signal for Sumeet Ind in short term but SELL signal is weak.

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 4.3 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.