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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 582148

Date Daily Closing Price Open High Low Volume
18 Tue Jun 2024 2.11 2.07 2.27 2.07 3.933 times
10 Mon Jun 2024 2.18 2.18 2.18 2.18 0.037 times
03 Mon Jun 2024 2.30 2.30 2.35 2.30 4.163 times
27 Mon May 2024 2.40 2.40 2.40 2.40 0.087 times
21 Tue May 2024 2.50 2.50 2.50 2.50 0.091 times
15 Wed May 2024 2.60 2.60 2.60 2.40 2.731 times
14 Tue May 2024 2.50 2.50 2.50 2.30 1.457 times
13 Mon May 2024 2.40 2.40 2.40 2.40 0.07 times
10 Fri May 2024 2.30 2.30 2.30 2.15 0.446 times
09 Thu May 2024 2.20 2.20 2.20 2.15 0.25 times

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

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 2 as stoploss in an intra day buy trade for a target of 2.22. However, stock will show a bearish move below 2.

Share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type Value
Downside Target 1.90
Downside Target 1.95
Downside Target 2.07
Upside Target 2.27
Upside Target 2.35
Upside Target 2.40
Upside Target 2.50
Upside Target 2.60
Upside Target 2.80
Upside Target 3.35
Upside Target 3.80
Upside Target 4.90

Intraday share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type Value
Downside Intraday Target 2.03
Downside Intraday Target 1.95
Upside Intraday Target 2.23
Upside Intraday Target 2.35
Upside Intraday Target 2.15

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date Weekly Closing Price Open High Low Volume
18 Tue Jun 2024 2.11 2.18 2.27 2.07 0.953 times
03 Mon Jun 2024 2.30 2.30 2.35 2.30 47.593 times
27 Mon May 2024 2.40 2.40 2.40 2.40 0.965 times
21 Tue May 2024 2.50 2.50 2.50 2.50 0.021 times
15 Wed May 2024 2.60 2.40 2.60 2.30 2.025 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
18 Tue Jun 2024 2.11 2.30 2.35 2.07 1.126 times
27 Mon May 2024 2.40 2.10 2.60 1.95 0.214 times
30 Tue Apr 2024 2.10 2.50 2.80 1.90 7.271 times
28 Thu Mar 2024 2.50 3.50 3.80 2.50 0.555 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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Sumeet Ind ( (SUMEETINDS_BE) ) based on a short to mid 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 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Sumeet Ind in short term but the buy signal is initial and weak.

Sumeet Ind Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 2.33 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 is giving positive 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.

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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Sumeet Ind ( (SUMEETINDS_BE) ) based on a short to mid 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 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Sumeet Ind in short term but the buy signal is initial and weak.

Sumeet Ind Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 2.33 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 is giving positive 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.

Click here for Sumeet Ind charts

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Daily charts

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