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

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

10 day averaged volume of Sumeet Ind is 409933

Date Daily Closing Price Open High Low Volume
15 Wed May 2024 2.60 2.60 2.60 2.40 3.878 times
14 Tue May 2024 2.50 2.50 2.50 2.30 2.069 times
13 Mon May 2024 2.40 2.40 2.40 2.40 0.099 times
10 Fri May 2024 2.30 2.30 2.30 2.15 0.634 times
09 Thu May 2024 2.20 2.20 2.20 2.15 0.354 times

Stock of Sumeet Ind (SUMEETINDS_BE) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 2.5, for a target of 2.3 or 2.16

Share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type Value
Downside Target 1.90
Downside Target 1.95
Downside Target 2.00
Downside Target 2.05
Downside Target 2.25
Downside Target 2.30
Downside Target 2.50
Downside Target 2.60
Upside Target 2.80
Upside Target 3.35
Upside Target 3.80
Upside Target 4.60
Upside Target 4.90

Intraday share price targets for Sumeet Ind (SUMEETINDS_BE)

Target Type Value
Downside Intraday Target 2.4
Downside Intraday Target 2.2
Upside Intraday Target 2.7
Upside Intraday Target 2.8
Downside Intraday Target 2.5

Weekly technical analysis of Sumeet Ind (SUMEETINDS_BE)

Date Weekly Closing Price Open High Low Volume
15 Wed May 2024 2.60 2.40 2.60 2.30 2.025 times
10 Fri May 2024 2.30 2.05 2.30 1.95 0.36 times
03 Fri May 2024 2.05 2.10 2.25 2.05 0.371 times
26 Fri Apr 2024 2.15 2.05 2.30 1.90 4.876 times
19 Fri Apr 2024 2.00 2.30 2.30 2.00 0.651 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 Sumeet Ind (SUMEETINDS_BE)

Date Monthly Closing Price Open High Low Volume
15 Wed May 2024 2.60 2.10 2.60 1.95 0.208 times
30 Tue Apr 2024 2.10 2.50 2.80 1.90 7.271 times
28 Thu Mar 2024 2.50 3.50 3.80 2.50 0.555 times
29 Thu Feb 2024 3.65 3.95 4.90 3.35 36.286 times

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 Sumeet Ind (SUMEETINDS_BE)

Indicator Name Indicator Value Indicator Signal
ADX 38, 31, 9 Buy
MACD -0, -0Buy
Stochastics 100Buy
CCI 136Buy
RSI 51Buy
OBV 2156482Sell
VWAP 2Buy
ADL 0Sell
ROC 24Buy
Force Index 0Sell

Price action analysis of Sumeet Ind ( (SUMEETINDS_BE) ) 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 Sumeet Ind ( (SUMEETINDS_BE) ) 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 Sumeet Ind ( (SUMEETINDS_BE) ) 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 Sumeet Ind ( (SUMEETINDS_BE) ) 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 Ind stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Sumeet Ind 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 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 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 Ind in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 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 2.38 and Sumeet Ind (SUMEETINDS_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Sumeet Ind (SUMEETINDS_BE) stock. Volume based technical analysis of Sumeet Ind (SUMEETINDS_BE) stock is negative.

Sumeet Ind Stock is giving positive 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.

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