Stock analysis Sumit Woods Limited SUMIT
Recent prices of SUMIT Sumit Woods Limited are as follows: Daily volume is divided by 10 day averaged volume
Technical analysis forecast of Sumit Woods Limited 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 Sumit Woods Limited SUMIT at this time. Stock is rising and might rise more.
It appears as if Sumit Woods Limited SUMIT gave a large move recently.
Stock of Sumit Woods Limited (SUMIT) 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 Sumit Woods Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Sumit Woods Limited stays above 48.8, but if it comes below 48.8, then a intra day sell could be more profitable.
If you take a sell trade below 48.8, then use 48.8 as stoploss and 40.78 as target. However if you take a buy trade in Sumit Woods Limited, then use 48.8 as stoploss and 58.3 as target.