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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 2024-12-06 View latest technical analysis

10 day averaged volume of Sumit Woods is 23019

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	137.20	132.40	137.60	130.16	1.431 times
05 Thu Dec 2024	132.35	134.90	134.90	129.15	2.999 times
04 Wed Dec 2024	133.14	133.39	134.70	131.46	0.63 times
03 Tue Dec 2024	131.43	135.80	135.80	128.20	2.392 times
02 Mon Dec 2024	134.22	132.99	137.00	132.00	0.799 times
29 Fri Nov 2024	132.69	136.75	136.75	128.25	0.27 times
28 Thu Nov 2024	132.88	132.00	137.00	128.30	0.569 times
27 Wed Nov 2024	133.83	135.00	135.00	129.05	0.442 times
26 Tue Nov 2024	131.82	132.30	134.90	129.00	1.363 times
25 Mon Nov 2024	132.89	133.00	134.99	130.00	0.156 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 136.4, but if it comes below 136.4, then a intra day sell could be more profitable.
If you take a sell trade below 136.4, then use 136.4 as stoploss and 132.75 as target. However if you take a buy trade in stock , then use 136.4 as stoploss and 140.7 as target.

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	83.00
Downside Target	120.45
Downside Target	124.85
Downside Target	128.20
Downside Target	130.93
Upside Target	137.60
Upside Target	142.00
Upside Target	147.00
Upside Target	152.00
Upside Target	157.75

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	131.07
Downside Intraday Target	124.93
Upside Intraday Target	140.47
Upside Intraday Target	143.73
Downside Intraday Target	134.33

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	137.20	132.99	137.60	128.20	2.947 times
29 Fri Nov 2024	132.69	133.00	137.00	128.25	1.317 times
22 Fri Nov 2024	129.90	126.95	130.93	121.28	0.39 times
14 Thu Nov 2024	127.09	142.00	142.00	124.85	1.8 times
08 Fri Nov 2024	139.03	141.70	147.00	134.25	0.363 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sumit Woods (SUMIT_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	137.20	132.99	137.60	128.20	0.606 times
29 Fri Nov 2024	132.69	145.23	147.00	121.28	0.402 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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 Weak and stock is losing momentum.

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

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 buy signal for Sumit Woods 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 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 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.