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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)

10 day averaged volume of Sumeet Ind is 167327

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri Nov 2023	4.45	4.50	4.50	4.10	2.366 times
16 Thu Nov 2023	4.30	3.90	4.30	3.90	2.387 times
15 Wed Nov 2023	4.10	4.10	4.10	4.10	0.178 times
13 Mon Nov 2023	3.95	3.95	3.95	3.95	0.245 times
12 Sun Nov 2023	3.80	3.80	3.80	3.80	0.985 times
10 Fri Nov 2023	3.65	3.55	3.65	3.50	1.66 times
09 Thu Nov 2023	3.50	3.65	3.65	3.35	2.325 times
08 Wed Nov 2023	3.50	3.50	3.50	3.50	0.986 times
07 Tue Nov 2023	3.35	3.35	3.35	3.35	0.436 times
06 Mon Nov 2023	3.20	3.20	3.20	3.20	0.509 times

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

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 4.5, for a target of 3.9 or 3.38

Share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Target	2.00
Downside Target	2.10
Downside Target	2.30
Downside Target	2.40
Downside Target	2.70
Downside Target	2.85
Downside Target	3.00
Downside Target	3.15
Downside Target	3.35
Downside Target	3.65
Downside Target	3.80
Upside Target	4.50

Intraday share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type	Value
Downside Intraday Target	4
Downside Intraday Target	3.55
Upside Intraday Target	4.7
Upside Intraday Target	4.95
Downside Intraday Target	4.25

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri Nov 2023	4.45	3.80	4.50	3.80	1.041 times
10 Fri Nov 2023	3.65	3.20	3.65	3.20	3.271 times
03 Fri Nov 2023	3.05	3.00	3.05	2.75	4.882 times
23 Mon Oct 2023	2.90	2.90	3.00	2.90	0.262 times
16 Mon Oct 2023	3.05	3.35	3.35	3.05	1.34 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
17 Fri Nov 2023	4.45	2.85	4.50	2.85	1.994 times
30 Mon Oct 2023	2.75	2.80	3.35	2.75	0.592 times
25 Mon Sep 2023	2.95	2.30	3.15	2.30	1.926 times
28 Mon Aug 2023	2.20	2.30	2.40	2.10	0.351 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 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.

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 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 BUY. Signal strength is Strong and stock is gaining 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 green color and prices are above the green 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 and the buying is gaining 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 3.89 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.