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(SUMIT_BE) Sumit Woods complete technical analysis [charts+indicators] | Buy/Sell Sumit Woods | (SUMIT_BE) share price targets

Complete technical analysis of Sumit Woods (SUMIT_BE) by charts plus indicators, forecast predictions and share price targets for Sumit Woods (SUMIT_BE)

Showing technical analysis as on 2024-02-23 View latest technical analysis

10 day averaged volume of Sumit Woods is 43013

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	64.40	66.55	66.60	63.70	0.703 times
22 Thu Feb 2024	66.75	70.45	70.45	64.50	1.261 times
21 Wed Feb 2024	67.45	67.45	67.45	65.55	1.105 times
20 Tue Feb 2024	64.25	63.90	64.25	62.30	1.503 times
19 Mon Feb 2024	61.20	59.80	61.20	58.10	1.008 times
16 Fri Feb 2024	58.30	57.40	58.30	57.40	1.135 times
15 Thu Feb 2024	58.50	57.10	59.40	57.10	0.645 times
14 Wed Feb 2024	58.25	58.25	58.25	58.25	0.507 times
13 Tue Feb 2024	59.40	61.80	61.80	59.40	1.711 times
12 Mon Feb 2024	60.60	60.60	60.60	60.60	0.591 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 63, but if it comes below 63, then a intra day sell could be more profitable.
If you take a sell trade below 63, then use 63 as stoploss and 58.46 as target. However if you take a buy trade in stock , then use 63 as stoploss and 68.5 as target.

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	27.00
Downside Target	31.90
Downside Target	32.80
Downside Target	48.20
Downside Target	49.90
Downside Target	51.05
Downside Target	52.80
Downside Target	53.95
Downside Target	59.45
Downside Target	59.80
Downside Target	61.80
Upside Target	65.85
Upside Target	70.45

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	58.18
Downside Intraday Target	51.97
Upside Intraday Target	70.53
Upside Intraday Target	76.67
Downside Intraday Target	64.32

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	64.40	59.80	70.45	58.10	1.216 times
16 Fri Feb 2024	58.30	60.60	61.80	57.10	2.828 times
09 Fri Feb 2024	59.45	55.00	59.45	55.00	0.197 times
02 Fri Feb 2024	53.95	51.75	53.95	51.05	1.8 times
25 Thu Jan 2024	52.80	56.05	56.05	52.80	1.94 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 Sumit Woods (SUMIT_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	64.40	52.90	70.45	51.05	0.411 times
31 Wed Jan 2024	52.10	52.15	65.85	49.90	1.508 times
29 Fri Dec 2023	51.85	57.25	59.80	48.20	2.897 times
20 Fri Oct 2023	30.90	27.15	32.80	27.15	0.668 times

Scroll below to view daily charts

Price has moved up 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 Sumit Woods (SUMIT_BE)

Price action analysis of Sumit Woods ( (SUMIT_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 Sumit Woods ( (SUMIT_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 Sumit Woods ( (SUMIT_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 Sumit Woods stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Sumit Woods 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.

Sumit Woods 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 coming down

CCI has generated a SELL signal for Sumit Woods in short term but SELL signal is weak.

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 Sumit Woods is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 62.26 and Sumit Woods (SUMIT_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 Sumit Woods (SUMIT_BE) stock. Volume based technical analysis of Sumit Woods (SUMIT_BE) stock is negative.

Sumit Woods 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.