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 2024-09-30 View latest technical analysis

10 day averaged volume of Sumeet Ind is 271566

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	4.24	4.20	4.24	4.15	2.242 times
27 Fri Sep 2024	4.16	4.16	4.16	4.16	2.073 times
26 Thu Sep 2024	4.08	4.08	4.08	4.08	0.545 times
25 Wed Sep 2024	4.00	4.00	4.00	4.00	0.55 times
24 Tue Sep 2024	3.93	3.93	3.93	3.93	0.231 times
23 Mon Sep 2024	3.86	3.86	3.86	3.86	1.968 times
20 Fri Sep 2024	3.79	3.79	3.79	3.79	1.168 times
19 Thu Sep 2024	3.61	3.54	3.61	3.51	0.517 times
18 Wed Sep 2024	3.44	3.43	3.44	3.25	1.204 times
17 Tue Sep 2024	3.28	3.30	3.30	3.21	1.005 times

Stock of Sumeet Ind (SUMEETINDS_BE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4, but if it comes below 4, then a intra day sell could be more profitable.
If you take a sell trade below 4, then use 4 as stoploss and 3.63 as target. However if you take a buy trade in stock , then use 4 as stoploss and 4.4 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	3.57
Downside Target	3.65
Downside Target	3.76
Downside Target	4.15
Downside Target	4.16
Downside Target	4.24
Upside Target	5.19
Upside Target	5.29

Intraday share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Intraday Target	4.18
Downside Intraday Target	4.12
Upside Intraday Target	4.27
Upside Intraday Target	4.3
Downside Intraday Target	4.21

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	4.24	4.20	4.24	4.15	0.418 times
27 Fri Sep 2024	4.16	3.86	4.16	3.86	1.158 times
20 Fri Sep 2024	3.79	3.00	3.79	2.88	0.634 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

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
30 Mon Sep 2024	4.24	3.80	4.24	2.88	1.614 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, and volume has increased substantially. This means that the move can 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sumeet Ind Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Sumeet Ind in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Sumeet Ind is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 3.89 and Sumeet Ind (SUMEETINDS_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.