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Technicals for Sumitomo Chemical India Limited
By MusingTheNews
2025-12-15 20:57
Overall Technical outlook
Price Summary
Sumitomo Chemical India Limited's stock began trading at 454.5 on 2025-12-10, soared to 465.0, dipped to 453.55, and finished the day 0.33% higher at 456.0, with 79000 shares exchanged. The highest price the stock achieved in the past 52 weeks is 652.25, while the lowest price it saw is 444.9. The price projection is between 530.0 and 659.0, with an average expected price around 583.8333, according to 6 analysts.
Technicals
Support and Resistance: The current price of 456.0 is supported at 444.9, with resistance at 473.05. This suggests that the price for SUMICHEM might remain between these levels, where 444.9 acts as a floor and 473.05 as a ceiling in the market. Support/Resistance for SUMICHEM
Aroon: The AROON is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Aroon chart for Sumitomo Chemical India Limited
Bol. Bands: The BOLL BANDS 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. Bolinger Bands chart for Sumitomo Chemical India Limited
Parabolic SAR: The PSAR maintains its bearish stance, setting a strong resistance level that could limit any potential upward movement. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult to achieve significant gains for Sumitomo Chemical India Limited. Parabolic Stop and Reverse chart for Sumitomo Chemical India Limited
Stochastic: The STOCHASTIC is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Stochastic chart for Sumitomo Chemical India Limited
Tripple Moving Agerage: The 20-50-100 period moving averages are aligned in a bullish formation for Sumitomo Chemical India Limited, though caution is advised as the slopes of the shorter-term averages indicate a possible reversal ahead. While the trend remains upward, the weakening momentum in the faster-moving averages suggests that a shift in direction could be on the horizon. Tripple SMA chart for Sumitomo Chemical India Limited
To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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