An in-depth analysis of the current exchange rate dynamics of the Indian...
Technicals for Sumitomo Chemical India Limited
By MusingTheNews
2025-09-04 20:42
Overall Technical outlook
Price Summary
With a -2.26% collapse, Sumitomo Chemical India Limited enjoyed a mediocre day in the stock market. On 2025-09-04, Sumitomo Chemical India Limited's stock opened at 598.0, spiked to 598.95, declined to 580.25, and closed -2.26% down at 584.5, with 157982 shares traded. Over the previous 52 weeks, the stock reached a high of 652.25 and a low of 460.6. The price outlook for SUMICHEM is between 545.0 and 690.0, with an average expectation of 618.5, as estimated by 6 analysts.
Technicals
Support and Resistance: At 584.5, the price is supported by 580.3 and resisted by 580.3. This indicates that the price for Sumitomo Chemical India Limited might fluctuate between these levels, with 580.3 acting as a support and 580.3 limiting further upward movement. Support/Resistance for SUMICHEM
Aroon: The AROON is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Aroon chart for Sumitomo Chemical India Limited
Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Bolinger Bands chart for Sumitomo Chemical India Limited
Parabolic SAR: The PSAR continues to indicate a bullish outlook, establishing a key support level that could sustain the market's upward trend. This support suggests that the bullish momentum is likely to persist, offering a foundation for further growth. Parabolic Stop and Reverse chart for Sumitomo Chemical India Limited
Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Stochastic chart for Sumitomo Chemical India Limited
Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral stance, with no definitive indication of an upward or downward trend for SUMICHEM. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Tripple SMA chart for Sumitomo Chemical India Limited
The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make more informed investment decisions.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
The article discusses the implications of the Eurozone CPI at 2.1% regarding...
By clicking "Accept", you agree to the storing of cookies on your device to enhance site navigation, analyze site usage and assist in our tailored marketing efforts.