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(SumeetIndus) Sumeet Indus complete technical analysis [charts+indicators] | Buy/Sell Sumeet Indus | (SumeetIndus) share price targets

Complete technical analysis of Sumeet Indus (SumeetIndus) by charts plus indicators, forecast predictions and share price targets for Sumeet Indus (SumeetIndus)

10 day averaged volume of Sumeet Indus is 66100

Date Daily Closing Price Open High Low Volume
27 Wed Mar 2024 2.63 2.76 2.76 2.63 6.344 times
26 Tue Mar 2024 2.76 2.85 2.85 2.76 0.992 times
22 Fri Mar 2024 2.90 2.80 2.91 2.68 2.472 times
21 Thu Mar 2024 2.78 2.66 2.85 2.66 1.449 times
20 Wed Mar 2024 2.77 2.71 2.85 2.67 0.96 times
19 Tue Mar 2024 2.77 2.97 2.97 2.76 0.933 times
18 Mon Mar 2024 2.90 3.02 3.02 2.82 0.491 times
15 Fri Mar 2024 2.94 2.75 2.95 2.75 0.531 times
14 Thu Mar 2024 2.89 2.89 3.05 2.89 0.723 times
13 Wed Mar 2024 3.04 3.20 3.22 3.04 1.102 times

Stock of Sumeet Indus (SumeetIndus) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2.8, but if it comes above 2.8, then a intra day buy could be more profitable.
If you take a sell trade below 2.8, then use 2.8 as stoploss and 2.4 as target. However if you take a buy trade in stock , then use 2.8 as stoploss and 3.18 as target.

Share price targets for Sumeet Indus (SumeetIndus)

Target Type Value
Downside Target 2.63
Upside Target 2.75
Upside Target 2.85
Upside Target 3.00
Upside Target 3.25
Upside Target 3.36
Upside Target 3.75
Upside Target 3.80
Upside Target 4.04
Upside Target 4.55
Upside Target 4.61
Upside Target 5.01
Upside Target 5.25

Intraday share price targets for Sumeet Indus (SumeetIndus)

Target Type Value
Downside Intraday Target 2.56
Downside Intraday Target 2.48
Upside Intraday Target 2.78
Upside Intraday Target 2.92
Upside Intraday Target 2.7

Weekly technical analysis of Sumeet Indus (SumeetIndus)

Date Weekly Closing Price Open High Low Volume
27 Wed Mar 2024 2.63 2.85 2.85 2.63 1.164 times
22 Fri Mar 2024 2.90 3.02 3.02 2.66 1.653 times
15 Fri Mar 2024 2.94 3.25 3.40 2.75 2.164 times
07 Thu Mar 2024 3.32 3.68 3.75 3.25 0.205 times
02 Sat Mar 2024 3.68 3.84 4.04 3.45 0.642 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 Sumeet Indus (SumeetIndus)

Date Monthly Closing Price Open High Low Volume
27 Wed Mar 2024 2.63 3.70 3.75 2.63 0.384 times
29 Thu Feb 2024 3.64 3.96 5.01 3.36 20.181 times
29 Mon Jan 2024 3.78 4.61 4.61 3.78 0.324 times
26 Tue Dec 2023 4.85 3.99 5.25 3.80 0.321 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 Sumeet Indus (SumeetIndus)

Price action analysis of Sumeet Indus ( (SumeetIndus) ) 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 Sumeet Indus ( (SumeetIndus) ) 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 Sumeet Indus ( (SumeetIndus) ) 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 Sumeet Indus ( (SumeetIndus) ) 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 Sumeet Indus stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Sumeet Indus in short term and the sell signal is strong.

Sumeet Indus Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 Sumeet Indus in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Sumeet Indus is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.77 and Sumeet Indus (SumeetIndus) 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 Sumeet Indus (SumeetIndus) stock. Volume based technical analysis of Sumeet Indus (SumeetIndus) stock is negative.

Sumeet Indus 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.

Price action analysis of Sumeet Indus ( (SumeetIndus) ) 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 Sumeet Indus ( (SumeetIndus) ) 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 Sumeet Indus ( (SumeetIndus) ) 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 Sumeet Indus ( (SumeetIndus) ) 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 Sumeet Indus stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Sumeet Indus in short term and the sell signal is strong.

Sumeet Indus Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 Sumeet Indus in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Sumeet Indus is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.77 and Sumeet Indus (SumeetIndus) 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 Sumeet Indus (SumeetIndus) stock. Volume based technical analysis of Sumeet Indus (SumeetIndus) stock is negative.

Sumeet Indus 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.

Click here for Sumeet Indus charts

Click here for further forecast and predictions for tomorrow

Daily charts

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