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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 2024-08-20 View latest technical analysis

10 day averaged volume of Sumeet Ind is 79394

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	3.95	3.95	3.95	3.95	2.032 times
19 Mon Aug 2024	4.04	4.04	4.04	4.04	0.752 times
16 Fri Aug 2024	4.13	4.13	4.13	4.13	0.466 times
14 Wed Aug 2024	4.22	4.22	4.22	4.22	0.337 times
13 Tue Aug 2024	4.31	4.31	4.31	4.31	1.468 times
12 Mon Aug 2024	4.40	4.40	4.40	4.40	0.721 times
09 Fri Aug 2024	4.49	4.49	4.49	4.49	4.345 times
08 Thu Aug 2024	4.59	4.59	4.59	4.59	0.426 times
07 Wed Aug 2024	4.69	4.69	4.69	4.69	0.399 times
06 Tue Aug 2024	4.79	4.79	4.79	4.79	0.684 times

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

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 3.9 as stoploss in an intra day buy trade for a target of 4.44. However, stock will show a bearish move below 3.9.

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	2.60
Downside Target	2.80
Downside Target	3.95
Upside Target	4.04
Upside Target	4.13
Upside Target	4.40
Upside Target	4.49
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	3.92
Downside Intraday Target	3.89
Upside Intraday Target	4.01
Upside Intraday Target	4.07
Upside Intraday Target	3.98

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	3.95	4.04	4.04	3.95	0.93 times
16 Fri Aug 2024	4.13	4.40	4.40	4.13	0.478 times
09 Fri Aug 2024	4.49	4.89	4.89	4.49	0.263 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

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
20 Tue Aug 2024	3.95	5.29	5.29	3.95	0.465 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 to mid 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 mid to longer 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.

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 but the sell signal is initial and weak.

Sumeet Ind Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below 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 and the buying is gaining 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 4.34 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 positive

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