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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 2024-08-23 View latest technical analysis

10 day averaged volume of Sundaram Multi is 709341

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	3.06	3.08	3.10	3.01	0.753 times
22 Thu Aug 2024	3.05	3.10	3.10	3.00	1.344 times
21 Wed Aug 2024	3.08	3.14	3.14	3.04	0.741 times
20 Tue Aug 2024	3.08	3.12	3.16	3.01	1.009 times
19 Mon Aug 2024	3.10	3.02	3.14	3.00	1.033 times
16 Fri Aug 2024	3.01	3.00	3.04	2.91	0.968 times
14 Wed Aug 2024	2.99	3.14	3.14	2.97	1.425 times
13 Tue Aug 2024	3.07	3.17	3.17	3.05	0.951 times
12 Mon Aug 2024	3.13	3.17	3.19	3.10	0.922 times
09 Fri Aug 2024	3.13	3.18	3.19	3.10	1.024 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 3.1, but if it comes above 3.1, then a intra day buy could be more profitable.
If you take a sell trade below 3.1, then use 3.1 as stoploss and 2.9 as target. However if you take a buy trade in stock , then use 3.1 as stoploss and 3.14 as target.

Share price targets for Sundaram Multi (SUNDARAM_BE)

Target Type	Value
Downside Target	2.70
Downside Target	2.80
Downside Target	2.91
Downside Target	3.00
Downside Target	3.06
Upside Target	3.19
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	2.99
Downside Intraday Target	2.91
Upside Intraday Target	3.15
Upside Intraday Target	3.23
Upside Intraday Target	3.07

Weekly technical analysis of Sundaram Multi (SUNDARAM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	3.06	3.02	3.16	3.00	1.144 times
16 Fri Aug 2024	3.01	3.17	3.19	2.91	0.769 times
09 Fri Aug 2024	3.13	3.11	3.25	3.06	0.612 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

Price has moved up 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
23 Fri Aug 2024	3.06	3.38	3.40	2.91	0.796 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 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 and the sell signal is strong.

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 stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 3.07 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.