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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 2024-11-28 View latest technical analysis

10 day averaged volume of Sumeru Ind is 10873

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	2.44	2.61	2.68	2.44	2.442 times
27 Wed Nov 2024	2.56	2.51	2.56	2.40	3.259 times
26 Tue Nov 2024	2.44	2.39	2.45	2.34	4.165 times
25 Mon Nov 2024	2.34	2.23	2.34	2.23	0.326 times
22 Fri Nov 2024	2.23	2.23	2.31	2.23	0.478 times
21 Thu Nov 2024	2.27	2.31	2.31	2.27	0.744 times
19 Tue Nov 2024	2.27	2.23	2.27	2.23	0.168 times
18 Mon Nov 2024	2.23	2.23	2.23	2.23	0.274 times
14 Thu Nov 2024	2.23	2.23	2.23	2.23	0.257 times
13 Wed Nov 2024	2.27	2.27	2.27	2.27	0.218 times

Stock of Sumeru Ind (SumeruInd) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2.4, but if it comes below 2.4, then a intra day sell could be more profitable.
If you take a sell trade below 2.4, then use 2.4 as stoploss and 2.34 as target. However if you take a buy trade in stock , then use 2.4 as stoploss and 2.5 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
Downside Target	2.30
Downside Target	2.35
Downside Target	2.37
Downside Target	2.42
Upside Target	2.67
Upside Target	2.68
Upside Target	2.70

Intraday share price targets for Sumeru Ind (SumeruInd)

Target Type	Value
Downside Intraday Target	2.22
Downside Intraday Target	2
Upside Intraday Target	2.67
Upside Intraday Target	2.9
Upside Intraday Target	2.45

Weekly technical analysis of Sumeru Ind (SumeruInd)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	2.44	2.23	2.68	2.23	6.125 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sumeru Ind (SumeruInd)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	2.44	2.30	2.68	2.23	0.43 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 up 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Sumeru Ind in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sumeru Ind Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a buy signal for Sumeru Ind in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 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 2.44 and Sumeru Ind (SumeruInd) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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.