Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-11-06 View latest technical analysis

10 day averaged volume of Sumit Woods is 33830

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	141.45	143.44	143.44	135.99	0.261 times
05 Tue Nov 2024	140.04	144.99	145.20	136.99	0.277 times
04 Mon Nov 2024	138.98	141.70	145.00	134.25	0.643 times
01 Fri Nov 2024	141.20	145.23	145.23	138.00	0.141 times
31 Thu Oct 2024	138.32	137.00	140.00	135.10	0.243 times
30 Wed Oct 2024	136.93	139.98	139.98	134.00	0.382 times
29 Tue Oct 2024	133.46	131.00	136.90	128.00	0.752 times
28 Mon Oct 2024	132.39	126.69	133.12	120.45	4.166 times
25 Fri Oct 2024	126.79	132.00	132.00	126.54	0.852 times
24 Thu Oct 2024	133.21	134.30	134.30	129.00	0.103 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 142.4 as stoploss in an intra day sell trade for a target of 137.1. However, stock will show a bullish move above 142.4.

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	74.10
Downside Target	83.00
Downside Target	91.16
Downside Target	120.45
Downside Target	123.46
Downside Target	127.00
Downside Target	131.99
Upside Target	141.99
Upside Target	145.20
Upside Target	145.23
Upside Target	146.25
Upside Target	149.74
Upside Target	152.00
Upside Target	157.75

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	135.4
Downside Intraday Target	129.35
Upside Intraday Target	146.35
Upside Intraday Target	151.25
Downside Intraday Target	140.3

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	141.45	141.70	145.20	134.25	0.208 times
01 Fri Nov 2024	141.20	126.69	145.23	120.45	1.075 times
25 Fri Oct 2024	126.79	141.00	141.99	123.46	1.177 times
18 Fri Oct 2024	140.00	133.80	149.74	131.99	0.659 times
11 Fri Oct 2024	133.82	145.90	146.25	127.00	6.61 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
06 Wed Nov 2024	141.45	145.23	145.23	134.25	0.057 times
31 Thu Oct 2024	138.32	151.40	152.00	120.45	0.669 times
30 Mon Sep 2024	154.40	135.34	157.75	135.34	0.663 times
30 Fri Aug 2024	132.69	83.00	132.69	83.00	1.96 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 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 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 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 Sumit Woods ( (SUMIT_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 Sumit Woods stock for short term is SELL. Signal strength is Strong and stock is gaining 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 stronger in this stock.

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 SELL signal for Sumit Woods in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 Sumit Woods is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 133.57 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.