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(SumeruInd) Sumeru Ind complete technical analysis [charts+indicators] | Buy/Sell Sumeru Ind | (SumeruInd) share price targets

Complete technical analysis of Sumeru Ind (SumeruInd) by charts plus indicators, forecast predictions and share price targets for Sumeru Ind (SumeruInd)

Showing technical analysis as on 2024-11-22 View latest technical analysis

10 day averaged volume of Sumeru Ind is 7106

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	2.23	2.23	2.31	2.23	0.731 times
21 Thu Nov 2024	2.27	2.31	2.31	2.27	1.138 times
19 Tue Nov 2024	2.27	2.23	2.27	2.23	0.258 times
18 Mon Nov 2024	2.23	2.23	2.23	2.23	0.42 times
14 Thu Nov 2024	2.23	2.23	2.23	2.23	0.393 times
13 Wed Nov 2024	2.27	2.27	2.27	2.27	0.333 times
12 Tue Nov 2024	2.31	2.35	2.35	2.31	0.172 times
11 Mon Nov 2024	2.35	2.35	2.35	2.35	0.799 times
08 Fri Nov 2024	2.37	2.42	2.42	2.37	1.053 times
07 Thu Nov 2024	2.40	2.38	2.41	2.38	1.816 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2.3, but if it comes above 2.3, then a intra day buy could be more profitable.
If you take a sell trade below 2.3, then use 2.3 as stoploss and 2.2 as target. However if you take a buy trade in stock , then use 2.3 as stoploss and 2.33 as target.

Share price targets for Sumeru Ind (SumeruInd)

Target Type	Value
Downside Target	1.70
Downside Target	1.81
Downside Target	1.97
Downside Target	2.14
Downside Target	2.23
Upside Target	2.30
Upside Target	2.37
Upside Target	2.42
Upside Target	2.60
Upside Target	2.67
Upside Target	2.70

Intraday share price targets for Sumeru Ind (SumeruInd)

Target Type	Value
Downside Intraday Target	2.2
Downside Intraday Target	2.18
Upside Intraday Target	2.28
Upside Intraday Target	2.34
Upside Intraday Target	2.26

Weekly technical analysis of Sumeru Ind (SumeruInd)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	2.23	2.23	2.31	2.23	1.5 times
14 Thu Nov 2024	2.23	2.35	2.35	2.23	0.215 times
08 Fri Nov 2024	2.37	2.30	2.42	2.30	5.673 times
31 Thu Oct 2024	2.34	2.37	2.37	2.30	0.43 times
25 Fri Oct 2024	2.37	2.60	2.60	2.37	0.094 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 Sumeru Ind (SumeruInd)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	2.23	2.30	2.42	2.23	0.188 times
31 Thu Oct 2024	2.34	2.20	2.70	1.97	1.937 times
30 Mon Sep 2024	2.16	2.28	2.30	1.97	0.415 times
30 Fri Aug 2024	2.28	1.84	2.67	1.81	1.096 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 Sumeru Ind (SumeruInd)

Price action analysis of Sumeru Ind ( (SumeruInd) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sumeru Ind ( (SumeruInd) ) 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 Sumeru Ind ( (SumeruInd) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sumeru Ind ( (SumeruInd) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Sumeru Ind stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Sumeru Ind in short term and the sell signal is strong.

Sumeru Ind 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 SELL signal for Sumeru Ind in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Sumeru Ind is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.32 and Sumeru Ind (SumeruInd) 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 Sumeru Ind (SumeruInd) stock. Volume based technical analysis of Sumeru Ind (SumeruInd) stock is negative.

Sumeru Ind 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.