(SUNDARAM) Sundaram Multi complete technical analysis [charts+indicators] | Buy/Sell Sundaram Multi | (SUNDARAM) share price targets
Complete technical analysis of Sundaram Multi (SUNDARAM) by charts plus indicators, forecast predictions and share price targets for Sundaram Multi (SUNDARAM)
10 day averaged volume of Sundaram Multi is 1509141
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 2.95 | 3.05 | 3.05 | 2.95 | 2.626 times |
| 16 Thu May 2024 | 3.05 | 3.05 | 3.10 | 3.00 | 0.734 times |
| 15 Wed May 2024 | 3.00 | 3.05 | 3.05 | 2.95 | 0.676 times |
| 14 Tue May 2024 | 3.00 | 2.95 | 3.05 | 2.90 | 1.648 times |
| 13 Mon May 2024 | 2.95 | 3.05 | 3.05 | 2.95 | 0.591 times |
Stock of Sundaram Multi (SUNDARAM) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 3, but if it comes above 3, then a intra day buy could be more profitable.
If you take a sell trade below 3, then use 3 as stoploss and 2.9 as target. However if you take a buy trade in stock , then use 3 as stoploss and 3.09 as target.
Share price targets for Sundaram Multi (SUNDARAM)
| Target Type | Value |
| Downside Target | 2.50 |
| Downside Target | 2.60 |
| Downside Target | 2.75 |
| Downside Target | 2.90 |
| Upside Target | 3.20 |
| Upside Target | 3.25 |
| Upside Target | 3.30 |
| Upside Target | 3.35 |
| Upside Target | 3.45 |
| Upside Target | 3.70 |
| Upside Target | 4.20 |
Intraday share price targets for Sundaram Multi (SUNDARAM)
| Target Type | Value |
| Downside Intraday Target | 2.87 |
| Downside Intraday Target | 2.78 |
| Upside Intraday Target | 3.07 |
| Upside Intraday Target | 3.18 |
| Upside Intraday Target | 2.98 |
Weekly technical analysis of Sundaram Multi (SUNDARAM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 2.95 | 3.05 | 3.10 | 2.90 | 1.684 times |
| 10 Fri May 2024 | 3.00 | 3.20 | 3.20 | 3.00 | 0.405 times |
| 03 Fri May 2024 | 3.10 | 3.20 | 3.25 | 3.10 | 1.005 times |
| 26 Fri Apr 2024 | 3.15 | 3.10 | 3.30 | 3.10 | 0.481 times |
| 19 Fri Apr 2024 | 3.15 | 3.40 | 3.45 | 3.05 | 0.368 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Sundaram Multi (SUNDARAM)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 2.95 | 3.10 | 3.25 | 2.90 | 0.145 times |
| 30 Tue Apr 2024 | 3.10 | 2.85 | 3.70 | 2.75 | 1.512 times |
| 28 Thu Mar 2024 | 2.80 | 3.25 | 3.35 | 2.60 | 0.396 times |
| 29 Thu Feb 2024 | 3.15 | 3.50 | 4.20 | 2.95 | 5.277 times |
Price has moved down 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 Sundaram Multi (SUNDARAM)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 36, 36, 0 | Sell |
| MACD | -0, -0 | Sell |
| Stochastics | 29 | Sell |
| CCI | -85 | Sell |
| RSI | 54 | Buy |
| OBV | -7331777 | Sell |
| VWAP | 3 | Sell |
| ADL | 0 | Sell |
| ROC | -5 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Sundaram Multi ( (SUNDARAM) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Sundaram Multi ( (SUNDARAM) ) based on a short term time period is
Price action analysis of Sundaram Multi ( (SUNDARAM) ) based on a short to mid 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.
Price action analysis of Sundaram Multi ( (SUNDARAM) ) 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 Sundaram Multi stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Sundaram Multi in short term and the sell signal is strong.
Sundaram Multi Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Sundaram Multi in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing 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 Sundaram Multi is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 3.01 and Sundaram Multi (SUNDARAM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Sundaram Multi (SUNDARAM) stock. Volume based technical analysis of Sundaram Multi (SUNDARAM) stock is negative.
Sundaram Multi Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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