SUMEETINDS_BE NEWS why is Sumeet Ind Limited price falling or rising

SUMEETINDS_BE NEWS reasons for why stock price of Sumeet Ind Limited is falling or rising

SUMEETINDS_BE Sumeet Ind is falling or rising technical reasons

Technical analysis forecast of Sumeet Ind Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Sumeet Ind SUMEETINDS_BE at this time. Stock is rising and might rise more.

It appears as if Sumeet Ind SUMEETINDS_BE gave a large move recently.

Stock of Sumeet Ind (SUMEETINDS_BE) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Sumeet Ind is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Sumeet Ind stays above 4.8, but if it comes below 4.8, then a intra day sell could be more profitable.
If you take a sell trade below 4.8, then use 4.8 as stoploss and 4.42 as target. However if you take a buy trade in Sumeet Ind, then use 4.8 as stoploss and 5.3 as target.

SUMEETINDS_BE Sumeet Ind is falling or rising NEWS fundamental reasons

More announcements and NEWS

SUMEETINDS_BE Sumeet Ind Limited current price & indicator signals

Moving Averages for Sumeet Ind Limited

  • 5Day Average: 4.75
  • 12Day Average: 4.64
  • 20Day Average: 4.37
  • 50Day Average: 4
  • 100Day Average: 3.44
  • 150Day Average: 3.46
  • 200Day Average: 3.41

SUMEETINDS_BE Indicators & signals

Indicator MACD (12,26,9)

4.6, 4.32, 0.25
Indicator MACD is in positive zone

Indicator ADX (14)

0, 50, 50
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SUMEETINDS_BE Sumeet Ind Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Thu Oct 2024 4.89 4.88 to 4.89 1.88% 1.52 times
16 Wed Oct 2024 4.80 4.61 to 4.80 1.91% 2.71 times
15 Tue Oct 2024 4.71 4.52 to 4.71 1.95% 1.41 times
14 Mon Oct 2024 4.62 4.62 to 4.62 -2.12% 0.15 times
11 Fri Oct 2024 4.72 4.72 to 4.72 -2.07% 0.17 times
10 Thu Oct 2024 4.82 4.82 to 4.82 1.9% 1.17 times
09 Wed Oct 2024 4.73 4.73 to 4.73 1.94% 0.24 times
08 Tue Oct 2024 4.64 4.64 to 4.64 1.98% 0.79 times
07 Mon Oct 2024 4.55 4.50 to 4.55 1.79% 1.59 times
04 Fri Oct 2024 4.47 4.47 to 4.47 1.82% 1.17 times
03 Thu Oct 2024 4.39 4.39 to 4.40 1.62% 0.61 times
01 Tue Oct 2024 4.32 4.32 to 4.32 1.89% 0.06 times

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SUMEETINDS_BE NEWS why is Sumeet Ind Limited price falling or rising

 

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