SUMIT technical summary

At ₹43.99, Sumit Woods Limited is trading 10.5% below its 50-day average of ₹49.13 and 7.7% below its 200-day average of ₹47.68. The 14-day RSI is 40.4, in the neutral range between 30 and 70. MACD is -1.71 against a signal line of -1.42, so the MACD line sits below its signal line. ADX(14) reads 38.7, a strong trend reading (25 or above); ADX measures trend strength, not direction. The 52-week range is ₹31.74 to ₹91.47, with the price 21% of the way up it. Classic daily pivot levels from the 29 Oct 2026 session: pivot ₹44.65, resistance ₹46.89 and ₹48.23, support ₹43.31 and ₹41.07.