Is SUMITOMO CHEMICAL INDIA in uptrend or downtrend?

In the short term price movements in SUMICHEM share indicates the market has a bullish trend, but it may stay rangebound for some time.

What is SUMITOMO CHEMICAL INDIA share price forecast for tomorrow?

In Sumitomo Chemical India Limited stock current resistance level is at 411 and support level is at 362. Though market is closer to support level there are good chances till these ranges are broken, market would stay Bullish.

What are SUMITOMO CHEMICAL INDIA support and resistance levels?

The resistance level is an area where sellers get activated. It varies by the time frame of the analysis. For Sumitomo Chemical India Limited in the short-term, the supply zone around 411 and 410. Hence, good chances of resistance around 410. The support level is an area where buyers get activated at an attractive price zone to buy. It's a price zone where buyers wait for the market to reach to trigger their buy orders. The demand zone for Sumitomo Chemical India Limited share is around 362 and 360. Hence, good chances for support around 360.

Why is SUMITOMO CHEMICAL INDIA share price falling today?

Perhaps SUMICHEM stock is just having volatility. It can be viewed as an opportunity, unless overall long term trend and mid term trend is Bearish.

SUMITOMO CHEMICAL INDIA Share Price | Forecast Analysis

Analyzing Market Data

Analyzing Market Data