Overall Technical outlook

Price Summary

Sumitomo Chemical India Limited had a poor day at the stock market, and its shares dived -4.0%.
On 2026-02-03, Sumitomo Chemical India Limited's stock opened at 440.0, peaked at 440.0, hit a low of 419.75, and closed -4.0% down at 422.4, with 138662 shares changing hands.
Over the course of 52 weeks, the stock peaked at 652.25 and hit a low of 401.6.
Based on recommendations from 7 analysts, the future price of SUMICHEM is expected to range from 530.0 to 659.0, with an average price expectation around 578.2857.

Technicals

Support and Resistance: The price for SUMICHEM at 422.4 finds support at 404.6 and resistance at 444.9. This suggests a trading range, where 404.6 serves as a support level and 444.9 acts as a resistance point, potentially capping further gains.
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Support/Resistance for SUMICHEM


Aroon: The current state of the AROON is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment.
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Aroon chart for Sumitomo Chemical India Limited


Bol. Bands: The BOLL BANDS is showing a neutral stance, not indicating a clear upward or downward trend for Sumitomo Chemical India Limited. This suggests a period of market balance, where neither side is showing dominance.
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Bolinger Bands chart for Sumitomo Chemical India Limited


Parabolic SAR: The PSAR has shifted from bearish to bullish in its latest move, hinting at a possible trend reversal. If this change is corroborated by other indicators, it could represent a significant bullish signal. Traders should watch for additional confirmation to assess the strength of this potential upward trend for Sumitomo Chemical India Limited.
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Parabolic Stop and Reverse chart for Sumitomo Chemical India Limited


Stochastic: The STOCHASTIC 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.
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Stochastic chart for Sumitomo Chemical India Limited


Tripple Moving Agerage: A bullish trend is reflected in the alignment of the 20-50-100 period moving averages, though the slopes of the faster averages hint at a possible reversal. This weakening momentum suggests that while the overall trend is still upward, traders should be cautious of a potential shift in the near future.
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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.