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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 2024-07-24 View latest technical analysis

10 day averaged volume of Sundaram Multi is 1804363

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	3.23	3.22	3.28	3.11	0.472 times
23 Tue Jul 2024	3.20	3.18	3.23	3.13	0.84 times
22 Mon Jul 2024	3.18	3.25	3.32	3.13	1.346 times
19 Fri Jul 2024	3.23	3.32	3.33	3.21	0.747 times
18 Thu Jul 2024	3.28	3.28	3.43	3.22	1.292 times
16 Tue Jul 2024	3.35	3.49	3.49	3.31	1.215 times
09 Fri Feb 2024	3.05	3.05	3.10	2.95	2.055 times
08 Thu Feb 2024	3.00	3.00	3.05	2.95	0.68 times
07 Wed Feb 2024	3.00	3.05	3.05	2.95	0.526 times
06 Tue Feb 2024	3.00	3.05	3.10	2.95	0.539 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 3.2, but if it comes below 3.2, then a intra day sell could be more profitable.
If you take a sell trade below 3.2, then use 3.2 as stoploss and 3.05 as target. However if you take a buy trade in stock , then use 3.2 as stoploss and 3.4 as target.

Share price targets for Sundaram Multi (SUNDARAM_BE)

Target Type	Value
Downside Target	2.70
Downside Target	2.80
Downside Target	2.95
Downside Target	3.10
Downside Target	3.15
Downside Target	3.21
Upside Target	3.32
Upside Target	3.45
Upside Target	3.49

Intraday share price targets for Sundaram Multi (SUNDARAM_BE)

Target Type	Value
Downside Intraday Target	3.12
Downside Intraday Target	3.01
Upside Intraday Target	3.33
Upside Intraday Target	3.43
Downside Intraday Target	3.22

Weekly technical analysis of Sundaram Multi (SUNDARAM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	3.23	3.25	3.32	3.11	0.816 times
19 Fri Jul 2024	3.23	3.49	3.49	3.21	0.714 times
09 Fri Feb 2024	3.05	2.95	3.10	2.95	1.438 times
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

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 Sundaram Multi (SUNDARAM_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	3.23	3.49	3.49	3.11	0.981 times
09 Fri Feb 2024	3.05	3.10	3.15	2.85	1.102 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

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 Sundaram Multi (SUNDARAM_BE)

Price action analysis of Sundaram Multi ( (SUNDARAM_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 Sundaram Multi ( (SUNDARAM_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 Sundaram Multi ( (SUNDARAM_BE) ) based on a short to mid 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 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 losing momentum.

MACD generated a BUY signal for Sundaram Multi 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.

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. Bears 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 Sundaram Multi 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 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 3.16 and Sundaram Multi (SUNDARAM_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 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 positive

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