Stock analysis Sumitomo Chem India Ltd SUMICHEM
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Recent prices of SUMICHEM Sumitomo Chem India Ltd are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 09 Thu Jan 2025 | 498.25 | 495.70 to 527.80 | -2.43% | 1.4 times |
| 08 Wed Jan 2025 | 510.65 | 509.30 to 525.00 | -2.56% | 0.46 times |
| 07 Tue Jan 2025 | 524.05 | 515.70 to 525.90 | 1.76% | 0.4 times |
| 06 Mon Jan 2025 | 515.00 | 512.20 to 536.90 | -4.09% | 0.6 times |
| 03 Fri Jan 2025 | 536.95 | 534.20 to 544.55 | -0.75% | 0.51 times |
| 02 Thu Jan 2025 | 541.00 | 526.30 to 545.50 | 2.11% | 1.11 times |
| 01 Wed Jan 2025 | 529.80 | 526.15 to 536.00 | -0.54% | 0.38 times |
| 31 Tue Dec 2024 | 532.70 | 526.00 to 546.40 | -0.57% | 1.05 times |
| 30 Mon Dec 2024 | 535.75 | 512.00 to 552.70 | 3.27% | 4.76 times |
| 27 Fri Dec 2024 | 518.80 | 518.10 to 529.50 | -1.48% | 0.24 times |
| 26 Thu Dec 2024 | 526.60 | 516.25 to 531.30 | -0.1% | 0.49 times |
| 24 Tue Dec 2024 | 527.15 | 508.05 to 536.00 | 3.01% | 0.77 times |
Technical analysis forecast for Sumitomo Chem India Ltd Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Sumitomo Chem India Ltd SUMICHEM at this time. Stock is falling and might fall more.
It appears as if Sumitomo Chem India Ltd SUMICHEM gave a large move recently.
Stock of Sumitomo Chem India Ltd (SUMICHEM) 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.
Although my analysis for Sumitomo Chem India Ltd 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 502.4, for a target of 514.9 or 525.23