Munafa Sumit Woods Limited (SUMIT) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

Sumit Woods Limited (SUMIT) Indicator analysis

Sumit Woods Limited stock tips (delivery Volume analysis)

Total 5 day volume for Sumit Woods Limited is 152493, out of which 122728 went into delivery, which is 80.48 percent of total volumes

Volumes in the last session was 28204, out of which 19180 went into delivery, which is 68 percent of total volumes.

Its safe to say that enough delivery is being taken in the stock to conclude that the trend below will continue for a couple of days.

Sumit Woods SUMIT intraday stock tips

21 Wednesday October Stock tips for Sumit Woods Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Sumit Woods SUMIT gave a large move recently.

Although my analysis for Sumit Woods is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 44.4, for a target of 46.6 or 48.4

19 Monday October Stock tips for Sumit Woods Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Sumit Woods SUMIT gave a large move recently.

My analysis of Sumit Woods is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Sumit Woods stays below 47.5, but if it comes above 47.5, then a intra day buy could be more profitable.
If you take a sell trade below 47.5, then use 47.5 as stoploss and 45.9 as target. However if you take a buy trade in Sumit Woods, then use 47.5 as stoploss and 48.92 as target.

16 Friday October Stock tips for Sumit Woods Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Sumit Woods SUMIT gave a large move recently.

My analysis of Sumit Woods is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Sumit Woods stays below 47.9, but if it comes above 47.9, then a intra day buy could be more profitable.
If you take a sell trade below 47.9, then use 47.9 as stoploss and 46.3 as target. However if you take a buy trade in Sumit Woods, then use 47.9 as stoploss and 49.14 as target.

15 Thursday October Stock tips for Sumit Woods Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Sumit Woods SUMIT gave a large move recently.

My analysis of Sumit Woods is bearish for shortterm, and stock might move down till 48.1 or till 46.6. Use a stoploss of 49.29 and if the stock hits stoploss, then it can shoot up till 50.53

14 Wednesday October Stock tips for Sumit Woods (SUMIT) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

It appears as if Sumit Woods SUMIT gave a large move recently.

My analysis of Sumit Woods is bullish for shortterm, and stock might move up till 50.6 or till 52.1. Use a stoploss of 49.32 and if this stock hits its stoploss, then it can fall down till 48.05

13 Tuesday October Stock tips for Sumit Woods Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Sumit Woods SUMIT gave a large move recently.

My analysis of Sumit Woods is bearish for shortterm, and stock might move down till 48 or till 46.5. Use a stoploss of 49.32 and if the stock hits stoploss, then it can shoot up till 50.62

12 Monday October Stock tips for Sumit Woods Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Sumit Woods SUMIT gave a large move recently.

My analysis of Sumit Woods is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Sumit Woods stays below 48.1, but if it comes above 48.1, then a intra day buy could be more profitable.
If you take a sell trade below 48.1, then use 48.1 as stoploss and 46.5 as target. However if you take a buy trade in Sumit Woods, then use 48.1 as stoploss and 49.39 as target.

Sumit Woods SUMIT tips for tomorrow

Tomorrow's movement Prediction of Sumit Woods SUMIT appears strongly Bearish. This stock started falling as soon as it opened and never recovered during the session. Generally this happens when there is a negative sentiment following the stock, making it unattractive. There's a good chance that this downfall will continue tomorrow as well. However, if it manages to close higher than where it opened today, then there might be a chance of reversal.

Tomorrow's movement Prediction of Sumit Woods SUMIT is bearish. The stock has broken weekly support. An up move can be expected only after it starts trading above 44.72

Tomorrow's movement Prediction of Sumit Woods SUMIT is strongly bearish. It has broken a strong support of 49 and is expected to move down further.

Munafa value: 10

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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