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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 318070

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	2.11	2.11	2.29	2.11	2.444 times
15 Mon Apr 2024	2.22	2.33	2.33	2.22	0.818 times
12 Fri Apr 2024	2.33	2.35	2.48	2.33	0.771 times
10 Wed Apr 2024	2.45	2.60	2.60	2.45	1.194 times
09 Tue Apr 2024	2.57	2.81	2.81	2.56	1.831 times
08 Mon Apr 2024	2.69	2.56	2.74	2.56	2.256 times
05 Fri Apr 2024	2.61	2.37	2.61	2.37	1.488 times
04 Thu Apr 2024	2.49	2.49	2.49	2.49	0.493 times
03 Wed Apr 2024	2.62	2.88	2.88	2.62	1.099 times
02 Tue Apr 2024	2.75	2.75	2.75	2.75	0.041 times

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

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2.1, for a target of 2.4 or 2.62

Share price targets for Sumeet Indus (SumeetIndus)

Target Type	Value
Downside Target	2.11
Upside Target	2.33
Upside Target	2.50
Upside Target	2.66
Upside Target	2.81
Upside Target	3.02
Upside Target	3.36
Upside Target	3.75
Upside Target	3.78
Upside Target	3.80
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	2.04
Downside Intraday Target	1.96
Upside Intraday Target	2.26
Upside Intraday Target	2.4
Upside Intraday Target	2.18

Weekly technical analysis of Sumeet Indus (SumeetIndus)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	2.11	2.33	2.33	2.11	0.539 times
12 Fri Apr 2024	2.33	2.56	2.81	2.33	1.933 times
05 Fri Apr 2024	2.61	2.62	2.88	2.37	1.661 times
28 Thu Mar 2024	2.50	2.85	2.85	2.50	1.439 times
22 Fri Mar 2024	2.90	3.02	3.02	2.66	1.653 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
16 Tue Apr 2024	2.11	2.62	2.88	2.11	2.732 times
28 Thu Mar 2024	2.50	3.70	3.75	2.50	0.417 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

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 losing 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 but selling 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 Sumeet Indus is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.46 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.