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(SUNDARAM_BE) Sundaram Multi complete technical analysis [charts+indicators] | Buy/Sell Sundaram Multi | (SUNDARAM_BE) share price targets

Complete technical analysis of Sundaram Multi (SUNDARAM_BE) by charts plus indicators, forecast predictions and share price targets for Sundaram Multi (SUNDARAM_BE)

Showing technical analysis as on 2024-02-02 View latest technical analysis

10 day averaged volume of Sundaram Multi is 505362

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	2.95	3.10	3.15	2.85	3.927 times
01 Thu Feb 2024	3.00	3.10	3.15	3.00	1.315 times
31 Wed Jan 2024	3.00	3.05	3.15	3.00	1.677 times
30 Tue Jan 2024	3.00	3.10	3.10	3.00	2.249 times
29 Mon Jan 2024	3.00	3.00	3.00	2.85	2.155 times
25 Thu Jan 2024	2.90	2.85	2.90	2.85	0.393 times
24 Wed Jan 2024	2.85	2.85	2.85	2.80	0.383 times
23 Tue Jan 2024	2.85	2.95	2.95	2.85	0.58 times
22 Mon Jan 2024	2.90	2.85	2.90	2.85	0.21 times
19 Fri Jan 2024	2.85	2.80	2.85	2.80	0.338 times

Stock of Sundaram Multi (SUNDARAM_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, and stock might move up till 3 or till 3.1. Use a stoploss of 2.93 and if this stock hits its stoploss, then it can fall down till 2.87

Share price targets for Sundaram Multi (SUNDARAM_BE)

Target Type	Value
Downside Target	2.70
Downside Target	2.80
Upside Target	3.00
Upside Target	3.15
Upside Target	3.45
Upside Target	3.50

Intraday share price targets for Sundaram Multi (SUNDARAM_BE)

Target Type	Value
Downside Intraday Target	2.82
Downside Intraday Target	2.68
Upside Intraday Target	3.12
Upside Intraday Target	3.28
Upside Intraday Target	2.98

Weekly technical analysis of Sundaram Multi (SUNDARAM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	2.95	3.00	3.15	2.85	7.233 times
25 Thu Jan 2024	2.90	2.85	2.95	2.80	0.669 times
19 Fri Jan 2024	2.85	3.00	3.00	2.80	0.793 times
12 Fri Jan 2024	3.00	2.90	3.00	2.90	0.448 times
05 Fri Jan 2024	2.95	2.95	3.00	2.85	11.266 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 Sundaram Multi (SUNDARAM_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	2.95	3.10	3.15	2.85	0.268 times
31 Wed Jan 2024	3.00	2.95	3.15	2.80	0.804 times
29 Fri Dec 2023	3.00	2.85	3.45	2.70	1.099 times
30 Thu Nov 2023	2.85	2.90	3.00	2.70	0.829 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 Sundaram Multi (SUNDARAM_BE)

Price action analysis of Sundaram Multi ( (SUNDARAM_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 Sundaram Multi ( (SUNDARAM_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 Sundaram Multi ( (SUNDARAM_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 Sundaram Multi ( (SUNDARAM_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 Sundaram Multi stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

Sundaram Multi 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sundaram Multi in short term but SELL signal is weak.

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 Sundaram Multi is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.97 and Sundaram Multi (SUNDARAM_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Sundaram Multi (SUNDARAM_BE) stock. Volume based technical analysis of Sundaram Multi (SUNDARAM_BE) stock is negative.

Sundaram Multi 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.