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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 2024-09-16 View latest technical analysis

10 day averaged volume of Sundaram Multi is 631257

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	2.95	2.98	2.99	2.94	0.804 times
13 Fri Sep 2024	2.96	2.98	2.98	2.93	0.917 times
12 Thu Sep 2024	2.95	2.95	2.99	2.91	0.66 times
11 Wed Sep 2024	2.95	2.94	2.98	2.94	0.803 times
10 Tue Sep 2024	2.94	2.93	2.99	2.90	0.993 times
09 Mon Sep 2024	2.93	2.98	3.01	2.90	0.85 times
06 Fri Sep 2024	2.94	3.02	3.09	2.92	1.599 times
05 Thu Sep 2024	3.02	2.94	3.04	2.91	1.193 times
04 Wed Sep 2024	2.93	2.96	2.96	2.90	0.838 times
03 Tue Sep 2024	2.96	2.98	3.00	2.90	1.224 times

My analysis of stock is bearish for shortterm, and stock might move down till 2.9 or till 2.9. Use a stoploss of 2.99 and if the stock hits stoploss, then it can shoot up till 3.04

Share price targets for Sundaram Multi (SUNDARAM_BE)

Target Type	Value
Downside Target	2.80
Upside Target	3.09
Upside Target	3.11
Upside Target	3.15
Upside Target	3.16
Upside Target	3.40
Upside Target	3.49

Intraday share price targets for Sundaram Multi (SUNDARAM_BE)

Target Type	Value
Downside Intraday Target	2.93
Downside Intraday Target	2.91
Upside Intraday Target	2.98
Upside Intraday Target	3.01
Upside Intraday Target	2.96

Weekly technical analysis of Sundaram Multi (SUNDARAM_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	2.95	2.98	2.99	2.94	0.19 times
13 Fri Sep 2024	2.96	2.98	3.01	2.90	0.731 times
06 Fri Sep 2024	2.94	3.01	3.09	2.90	0.944 times
30 Fri Aug 2024	2.97	3.06	3.11	2.95	1.116 times
23 Fri Aug 2024	3.06	3.02	3.16	3.00	1.144 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
16 Mon Sep 2024	2.95	3.01	3.09	2.90	0.403 times
30 Fri Aug 2024	2.97	3.38	3.40	2.91	1.032 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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 red color and prices are below the red cloud Prices appear to be coming down

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 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 2.95 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 negative.

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