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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 2025-01-03 View latest technical analysis

10 day averaged volume of Sumit Woods is 8110

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri Jan 2025	151.74	151.74	151.74	151.74	1.528 times
02 Thu Jan 2025	148.77	148.77	148.77	148.77	2.46 times
01 Wed Jan 2025	145.86	143.00	145.86	143.00	0.439 times
31 Tue Dec 2024	143.00	142.94	143.00	141.99	1.774 times
30 Mon Dec 2024	143.00	137.41	143.00	137.41	1.621 times
27 Fri Dec 2024	140.22	142.00	142.00	140.22	0.629 times
26 Thu Dec 2024	143.09	141.76	143.16	140.54	0.615 times
24 Tue Dec 2024	143.16	143.00	143.16	141.20	0.296 times
23 Mon Dec 2024	143.16	146.00	146.00	143.15	0.82 times
20 Fri Dec 2024	146.00	148.00	148.00	146.00	0.731 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 150.7, but if it comes below 150.7, then a intra day sell could be more profitable.
If you take a sell trade below 150.7, then use 150.7 as stoploss and 146.52 as target. However if you take a buy trade in stock , then use 150.7 as stoploss and 155.7 as target.

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	120.45
Downside Target	128.20
Downside Target	135.34
Downside Target	146.00
Downside Target	147.00
Downside Target	151.26
Downside Target	151.74
Upside Target	152.00
Upside Target	155.99
Upside Target	157.75

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	142.19
Downside Intraday Target	132.63
Upside Intraday Target	156.52
Upside Intraday Target	161.29
Downside Intraday Target	146.96

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri Jan 2025	151.74	137.41	151.74	137.41	3.316 times
27 Fri Dec 2024	140.22	146.00	146.00	140.22	0.303 times
20 Fri Dec 2024	146.00	150.01	155.99	146.00	0.32 times
13 Fri Dec 2024	149.98	144.00	151.26	140.50	1.038 times
06 Fri Dec 2024	137.20	132.99	137.60	128.20	2.947 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
03 Fri Jan 2025	151.74	143.00	151.74	143.00	0.072 times
31 Tue Dec 2024	143.00	132.99	155.99	128.20	1.585 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

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

ADX buy sell signal for Sumit Woods stock for short term is BUY. 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 green color and prices are above the green 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 but buying is losing 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 145.7 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.