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 2024-08-08 View latest technical analysis

10 day averaged volume of Sumeet Ind is 386712

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	4.59	4.59	4.59	4.59	0.087 times
07 Wed Aug 2024	4.69	4.69	4.69	4.69	0.082 times
06 Tue Aug 2024	4.79	4.79	4.79	4.79	0.14 times
05 Mon Aug 2024	4.89	4.89	4.89	4.89	0.083 times
02 Fri Aug 2024	4.99	4.99	4.99	4.99	0.408 times
01 Thu Aug 2024	5.10	5.29	5.29	5.10	3.404 times
31 Wed Jul 2024	5.19	5.19	5.19	5.19	0.421 times
30 Tue Jul 2024	4.95	4.95	4.95	4.95	0.465 times
29 Mon Jul 2024	4.72	4.72	4.72	4.72	0.195 times
26 Fri Jul 2024	4.50	4.30	4.50	4.29	2.407 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 5 as stoploss in an intra day sell trade for a target of 3.77. However, stock will show a bullish move above 5.

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	4.59
Upside Target	4.72
Upside 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	4.49
Downside Intraday Target	4.39
Upside Intraday Target	4.79
Upside Intraday Target	4.99
Upside Intraday Target	4.69

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	4.59	4.89	4.89	4.59	0.08 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
08 Thu Aug 2024	4.59	5.29	5.29	4.59	0.311 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 neutral. A longer time frame might give a better analysis.

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 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.

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. Bears are getting stronger in this stock.

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 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 4.87 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 positive

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