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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)

10 day averaged volume of Sumit Woods is 10456

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue Jan 2025	116.80	114.20	120.00	114.16	6.818 times
27 Mon Jan 2025	120.17	126.00	126.00	120.17	2.662 times
24 Fri Jan 2025	126.50	127.69	128.99	122.01	0.952 times
23 Thu Jan 2025	127.71	124.20	130.14	123.65	0.904 times
22 Wed Jan 2025	130.14	137.90	141.85	130.14	1.281 times
21 Tue Jan 2025	136.99	143.50	145.00	136.12	1.287 times
20 Mon Jan 2025	143.28	147.88	147.88	140.15	0.569 times
17 Fri Jan 2025	142.99	137.88	143.40	137.88	0.503 times
16 Thu Jan 2025	140.70	141.81	141.81	140.00	0.573 times
15 Wed Jan 2025	139.03	133.58	139.03	133.58	0.738 times

Stock of Sumit Woods (SUMIT_BE) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 117.8, for a target of 129.2 or 138.75

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	114.16
Upside Target	120.45
Upside Target	126.00
Upside Target	133.58
Upside Target	141.94
Upside Target	147.00
Upside Target	147.88
Upside Target	148.79
Upside 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	111.97
Downside Intraday Target	107.15
Upside Intraday Target	123.81
Upside Intraday Target	130.83
Upside Intraday Target	118.99

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue Jan 2025	116.80	126.00	126.00	114.16	1.899 times
24 Fri Jan 2025	126.50	147.88	147.88	122.01	2.111 times
17 Fri Jan 2025	142.99	139.10	143.40	133.58	0.828 times
10 Fri Jan 2025	141.94	148.70	148.79	141.94	0.471 times
03 Fri Jan 2025	151.74	137.41	151.74	137.41	3.316 times

Price has moved down 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
28 Tue Jan 2025	116.80	143.00	151.74	114.16	0.487 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 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 Sumit Woods (SUMIT_BE)

Price action analysis of Sumit Woods ( (SUMIT_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 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 SELL signal for Sumit Woods in short term and the sell signal is strong.

Sumit Woods Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 Sumit Woods in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 124.75 and Sumit Woods (SUMIT_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 Sumit Woods (SUMIT_BE) stock. Volume based technical analysis of Sumit Woods (SUMIT_BE) stock is negative.

Sumit Woods Stock has given negative 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.