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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 2024-08-08 View latest technical analysis

10 day averaged volume of Sundaram Multi is 1116765

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	3.14	3.19	3.19	3.13	0.371 times
07 Wed Aug 2024	3.16	3.20	3.20	3.13	0.431 times
06 Tue Aug 2024	3.10	3.12	3.25	3.06	1.052 times
05 Mon Aug 2024	3.13	3.11	3.22	3.10	1.019 times
02 Fri Aug 2024	3.17	3.28	3.28	3.16	1.515 times
01 Thu Aug 2024	3.28	3.38	3.40	3.27	0.846 times
31 Wed Jul 2024	3.33	3.36	3.41	3.22	0.835 times
30 Tue Jul 2024	3.29	3.19	3.33	3.11	1.781 times
29 Mon Jul 2024	3.19	3.28	3.29	3.15	0.784 times
26 Fri Jul 2024	3.23	3.22	3.27	3.21	0.894 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 3.1 as stoploss in an intra day buy trade for a target of 3.19. However, stock will show a bearish move below 3.1.

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	3.06
Upside Target	3.21
Upside Target	3.25
Upside Target	3.32
Upside Target	3.40
Upside Target	3.41
Upside Target	3.45
Upside Target	3.49

Intraday share price targets for Sundaram Multi (SUNDARAM_BE)

Target Type	Value
Downside Intraday Target	3.05
Downside Intraday Target	2.96
Upside Intraday Target	3.24
Upside Intraday Target	3.34
Upside Intraday Target	3.15

Weekly technical analysis of Sundaram Multi (SUNDARAM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	3.14	3.11	3.25	3.06	0.499 times
02 Fri Aug 2024	3.17	3.28	3.41	3.11	0.955 times
26 Fri Jul 2024	3.23	3.25	3.32	3.11	1.147 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

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
08 Thu Aug 2024	3.14	3.38	3.40	3.06	0.356 times
31 Wed Jul 2024	3.33	3.49	3.49	3.11	1.508 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

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 neutral. A longer time frame might give a better analysis.

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 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 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 SELL signal for Sundaram Multi in short term but the sell signal is initial and weak.

Sundaram Multi Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Sundaram Multi in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Sundaram Multi is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 3.21 and Sundaram Multi (SUNDARAM_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 Sundaram Multi (SUNDARAM_BE) stock. Volume based technical analysis of Sundaram Multi (SUNDARAM_BE) stock is negative.

Sundaram Multi Stock has given negative 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.