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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 42534

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	71.80	70.60	72.55	70.00	0.36 times
15 Mon Apr 2024	70.60	68.65	71.70	68.65	0.662 times
12 Fri Apr 2024	72.25	72.25	74.95	72.25	0.76 times
10 Wed Apr 2024	76.05	76.15	78.90	76.05	1.487 times
07 Thu Mar 2024	60.50	60.05	62.30	57.55	1.457 times
06 Wed Mar 2024	60.05	63.70	63.70	57.80	2.797 times
05 Tue Mar 2024	60.80	62.05	62.05	59.75	0.552 times
04 Mon Mar 2024	62.90	66.00	66.00	61.00	0.855 times
02 Sat Mar 2024	64.00	64.80	64.80	62.40	0.261 times
01 Fri Mar 2024	62.30	60.95	62.85	59.50	0.809 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 69.3, but if it comes below 69.3, then a intra day sell could be more profitable.
If you take a sell trade below 69.3, then use 69.3 as stoploss and 64.57 as target. However if you take a buy trade in stock , then use 69.3 as stoploss and 75 as target.

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	48.20
Downside Target	49.90
Downside Target	51.05
Downside Target	57.55
Downside Target	59.80
Downside Target	65.85
Downside Target	67.60
Downside Target	70.45
Upside Target	72.25
Upside Target	72.55
Upside Target	78.90

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	69.45
Downside Intraday Target	67.1
Upside Intraday Target	73.35
Upside Intraday Target	74.9
Downside Intraday Target	71

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	71.80	68.65	72.55	68.65	0.455 times
12 Fri Apr 2024	72.25	76.15	78.90	72.25	0.397 times
07 Thu Mar 2024	60.50	66.00	66.00	57.55	1.14 times
02 Sat Mar 2024	64.00	64.50	67.60	57.85	0.88 times
23 Fri Feb 2024	64.40	59.80	70.45	58.10	1.216 times

Price has moved down 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
16 Tue Apr 2024	71.80	76.15	78.90	68.65	0.486 times
07 Thu Mar 2024	60.50	60.95	66.00	57.55	0.361 times
29 Thu Feb 2024	59.90	52.90	70.45	51.05	0.519 times
31 Wed Jan 2024	52.10	52.15	65.85	49.90	1.508 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 65.11 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.