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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 2024-09-09 View latest technical analysis

10 day averaged volume of Sumeet Ind is 119853

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	3.46	3.53	3.57	3.46	2.294 times
06 Fri Sep 2024	3.65	3.65	3.65	3.65	0.172 times
05 Thu Sep 2024	3.73	3.80	3.82	3.73	0.715 times
04 Wed Sep 2024	3.75	3.77	3.77	3.70	0.893 times
03 Tue Sep 2024	3.78	3.78	3.93	3.78	2.317 times
02 Mon Sep 2024	3.86	3.80	3.87	3.80	2.584 times
30 Fri Aug 2024	3.80	3.80	3.80	3.80	0.097 times
29 Thu Aug 2024	3.88	3.88	3.88	3.88	0.583 times
28 Wed Aug 2024	3.96	4.08	4.08	3.92	1.962 times
27 Tue Aug 2024	4.00	4.00	4.00	4.00	0.288 times

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

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 3.4, for a target of 3.7 or 3.92

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	3.46
Upside Target	3.57
Upside Target	3.65
Upside Target	3.76
Upside Target	3.93
Upside Target	4.04
Upside Target	4.08
Upside Target	4.13
Upside Target	4.40
Upside Target	5.19
Upside Target	5.29

Intraday share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Intraday Target	3.42
Downside Intraday Target	3.39
Upside Intraday Target	3.53
Upside Intraday Target	3.61
Upside Intraday Target	3.5

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	3.46	3.53	3.57	3.46	0.343 times
06 Fri Sep 2024	3.65	3.80	3.93	3.65	2.011 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

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
09 Mon Sep 2024	3.46	3.80	3.93	3.46	0.284 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 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 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 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 gaining 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 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 3.77 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 negative.

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