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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 2024-09-02 View latest technical analysis

10 day averaged volume of Sumeet Ind is 157791

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	3.86	3.80	3.87	3.80	1.962 times
30 Fri Aug 2024	3.80	3.80	3.80	3.80	0.074 times
29 Thu Aug 2024	3.88	3.88	3.88	3.88	0.442 times
28 Wed Aug 2024	3.96	4.08	4.08	3.92	1.49 times
27 Tue Aug 2024	4.00	4.00	4.00	4.00	0.219 times
26 Mon Aug 2024	3.93	3.93	3.93	3.93	0.298 times
23 Fri Aug 2024	3.86	3.76	3.86	3.76	4.566 times
22 Thu Aug 2024	3.79	3.79	3.79	3.79	1.248 times
21 Wed Aug 2024	3.87	3.87	3.87	3.87	0.262 times
20 Tue Aug 2024	3.95	3.95	3.95	3.95	1.022 times

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 3.8 as stoploss in an intra day buy trade for a target of 4.17. However, stock will show a bearish move below 3.8.

Share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Target	1.93
Downside Target	2.00
Downside Target	2.35
Downside Target	2.60
Downside Target	3.76
Upside Target	4.04
Upside Target	4.08
Upside Target	4.13
Upside Target	4.40
Upside Target	4.49
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	3.82
Downside Intraday Target	3.77
Upside Intraday Target	3.89
Upside Intraday Target	3.91
Downside Intraday Target	3.84

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	3.86	3.80	3.87	3.80	0.778 times
30 Fri Aug 2024	3.80	3.93	4.08	3.80	0.337 times
23 Fri Aug 2024	3.86	4.04	4.04	3.76	4.967 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

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
02 Mon Sep 2024	3.86	3.80	3.87	3.80	0.082 times
30 Fri Aug 2024	3.80	5.29	5.29	3.76	0.725 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

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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

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

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 3.88 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.