Is SUMIT WOODS in uptrend or downtrend?

In the short term price movements in SUMIT share indicates the market is Sideways. However, the bears may release supply to take control.

What is SUMIT WOODS share price forecast for tomorrow?

In Sumit Woods Limited stock current resistance level is at 45 and support level is at 36. Though market is closer to resistance level there are good chances till these ranges are broken, market would stay Sideways.

What are SUMIT WOODS support and resistance levels?

The resistance level is an area where sellers get activated. It varies by the time frame of the analysis. For Sumit Woods Limited in the short-term, the supply zone around 45 and 40. Hence, good chances of resistance around 40. 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 Sumit Woods Limited share is around 36 and 40. Hence, good chances for support around 40.

Why is SUMIT WOODS share price falling today?

Latest analysis on SUMIT stock suggest, as per it's price structure, it is making lower highs and lower lows on intraday charts. This represents bearishness. That's why SUMIT stock is having a fall today.

SUMIT WOODS Share Price | Forecast Analysis

Analyzing Market Data

Analyzing Market Data