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 85451, out of which 51053 went into delivery, which is 59.75 percent of total volumes

Volumes in the last session was 26995, out of which 18520 went into delivery, which is 68.61 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

10 Thursday September 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 49.6, but if it comes above 49.6, then a intra day buy could be more profitable.
If you take a sell trade below 49.6, then use 49.6 as stoploss and 47.9 as target. However if you take a buy trade in Sumit Woods, then use 49.6 as stoploss and 51.06 as target.

09 Wednesday September 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 50, but if it comes above 50, then a intra day buy could be more profitable.
If you take a sell trade below 50, then use 50 as stoploss and 48.4 as target. However if you take a buy trade in Sumit Woods, then use 50 as stoploss and 51.28 as target.

08 Tuesday September 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 48.6, for a target of 50.1 or 51.42

07 Monday September 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 50.5 or till 49.2. Use a stoploss of 51.67 and if the stock hits stoploss, then it can shoot up till 52.8

04 Friday September Stock tips for Sumit Woods Stock is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

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

03 Thursday September Stock tips for Sumit Woods Stock is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

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 50.2 or till 48.3. Use a stoploss of 51.71 and if the stock hits stoploss, then it can shoot up till 53.26

02 Wednesday September Stock tips for Sumit Woods Stock is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

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

My analysis of Sumit Woods is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 49.9 as stoploss in an intra day buy trade for a target of 51.73. However, stock will show a bearish move below 49.9.

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 50.77

Munafa value: 25

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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