(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 79586
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Fri Mar 2023 | 2.45 | 2.50 | 2.50 | 2.45 | 1.067 times |
| 23 Thu Mar 2023 | 2.39 | 2.39 | 2.39 | 2.39 | 0.204 times |
| 22 Wed Mar 2023 | 2.28 | 2.28 | 2.28 | 2.24 | 0.173 times |
| 21 Tue Mar 2023 | 2.18 | 2.18 | 2.18 | 1.98 | 0.238 times |
| 20 Mon Mar 2023 | 2.08 | 2.16 | 2.17 | 2.08 | 0.443 times |
| 17 Fri Mar 2023 | 2.18 | 2.25 | 2.32 | 2.15 | 0.493 times |
| 16 Thu Mar 2023 | 2.23 | 2.34 | 2.38 | 2.22 | 0.373 times |
| 15 Wed Mar 2023 | 2.30 | 2.39 | 2.39 | 2.23 | 6.038 times |
| 14 Tue Mar 2023 | 2.30 | 2.49 | 2.49 | 2.30 | 0.51 times |
| 13 Mon Mar 2023 | 2.42 | 2.59 | 2.59 | 2.42 | 0.834 times |
My analysis of stock is bearish for shortterm, and stock might move down till 2.2 or till 1.8. Use a stoploss of 2.63 and if the stock hits stoploss, then it can shoot up till 3.02
Share price targets for Sumeet Indus (SumeetIndus)
| Target Type | Value |
| Downside Target | 1.98 |
| Downside Target | 2.15 |
| Upside Target | 2.50 |
| Upside Target | 3.00 |
| Upside Target | 3.25 |
| Upside Target | 3.32 |
| Upside Target | 3.45 |
| Upside Target | 3.60 |
| Upside Target | 3.90 |
| Upside Target | 4.75 |
| Upside Target | 4.77 |
| Upside Target | 5.00 |
| Upside Target | 5.89 |
| Upside Target | 7.50 |
Intraday share price targets for Sumeet Indus (SumeetIndus)
| Target Type | Value |
| Downside Intraday Target | 2.12 |
| Downside Intraday Target | 1.79 |
| Upside Intraday Target | 2.64 |
| Upside Intraday Target | 2.83 |
| Downside Intraday Target | 2.31 |
Weekly technical analysis of Sumeet Indus (SumeetIndus)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Fri Mar 2023 | 2.45 | 2.16 | 2.50 | 1.98 | 0.258 times |
| 17 Fri Mar 2023 | 2.18 | 2.59 | 2.59 | 2.15 | 2.387 times |
| 10 Fri Mar 2023 | 2.54 | 3.00 | 3.00 | 2.54 | 1.533 times |
| 03 Fri Mar 2023 | 3.01 | 3.32 | 3.32 | 3.00 | 2.389 times |
| 24 Fri Feb 2023 | 3.22 | 3.45 | 3.45 | 3.05 | 0.779 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 Sumeet Indus (SumeetIndus)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 24 Fri Mar 2023 | 2.45 | 3.24 | 3.25 | 1.98 | 2.79 times |
| 28 Tue Feb 2023 | 3.15 | 3.70 | 3.90 | 3.05 | 0.202 times |
| 31 Tue Jan 2023 | 3.75 | 4.77 | 4.77 | 3.60 | 0.671 times |
| 30 Fri Dec 2022 | 5.02 | 5.40 | 7.50 | 5.00 | 4.254 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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 44, 31, 17 | Buy |
| MACD | -1, -1 | Buy |
| Stochastics | 59 | None |
| CCI | 110 | Buy |
| RSI | 49 | Sell |
| OBV | -463444 | Sell |
| VWAP | 2 | Buy |
| ADL | 0 | Sell |
| ROC | -4 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Sumeet Indus ( (SumeetIndus) ) 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 Sumeet Indus ( (SumeetIndus) ) 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 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 BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Sumeet Indus in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Sumeet Indus 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 in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Sumeet Indus in short term and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up 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 2.31 and Sumeet Indus (SumeetIndus) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.
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