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 2024-09-16 View latest technical analysis

10 day averaged volume of Sumeet Ind is 278440

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	3.15	3.00	3.15	2.88	0.722 times
13 Fri Sep 2024	3.00	3.20	3.20	2.96	0.845 times
12 Thu Sep 2024	3.10	3.07	3.24	3.06	0.893 times
11 Wed Sep 2024	3.21	3.25	3.44	3.11	3.961 times
10 Tue Sep 2024	3.28	3.46	3.46	3.28	0.439 times
09 Mon Sep 2024	3.46	3.53	3.57	3.46	0.987 times
06 Fri Sep 2024	3.65	3.65	3.65	3.65	0.074 times
05 Thu Sep 2024	3.73	3.80	3.82	3.73	0.308 times
04 Wed Sep 2024	3.75	3.77	3.77	3.70	0.384 times
03 Tue Sep 2024	3.78	3.78	3.93	3.78	0.997 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 3.3, but if it comes above 3.3, then a intra day buy could be more profitable.
If you take a sell trade below 3.3, then use 3.3 as stoploss and 3 as target. However if you take a buy trade in stock , then use 3.3 as stoploss and 3.65 as target.

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	2.88
Downside Target	2.96
Downside Target	3.15
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	5.19
Upside Target	5.29

Intraday share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Intraday Target	2.97
Downside Intraday Target	2.79
Upside Intraday Target	3.24
Upside Intraday Target	3.33
Downside Intraday Target	3.06

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	3.15	3.00	3.15	2.88	0.101 times
13 Fri Sep 2024	3.00	3.53	3.57	2.96	2.478 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

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
16 Mon Sep 2024	3.15	3.80	3.93	2.88	0.789 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Sumeet Ind stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Sumeet Ind in short term and the sell signal is strong.

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 red color and prices are below the red 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 3.31 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.