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(SURANI_SM) Surani Steel complete technical analysis [charts+indicators] | Buy/Sell Surani Steel | (SURANI_SM) share price targets

Complete technical analysis of Surani Steel (SURANI_SM) by charts plus indicators, forecast predictions and share price targets for Surani Steel (SURANI_SM)

Showing technical analysis as on 2024-02-29 View latest technical analysis

10 day averaged volume of Surani Steel is 30760

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	624.45	615.00	633.95	597.45	0.273 times
28 Wed Feb 2024	628.90	640.05	647.90	625.05	0.143 times
27 Tue Feb 2024	645.00	654.95	667.80	644.95	0.52 times
26 Mon Feb 2024	636.00	641.50	650.00	624.05	0.312 times
23 Fri Feb 2024	652.15	638.25	677.90	638.25	0.728 times
22 Thu Feb 2024	658.10	620.10	658.10	600.55	0.325 times
21 Wed Feb 2024	626.80	641.10	641.10	626.80	0.585 times
20 Tue Feb 2024	659.75	678.55	693.90	658.00	1.443 times
19 Mon Feb 2024	678.30	703.95	703.95	671.20	0.624 times
16 Fri Feb 2024	675.50	685.00	714.40	660.55	0.845 times

My analysis of stock is bullish for shortterm, and stock might move up till 681.8 or till 756.1. Use a stoploss of 619.8 and if this stock hits its stoploss, then it can fall down till 557.82

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	252.00
Downside Target	285.00
Downside Target	310.00
Downside Target	321.80
Downside Target	454.95
Downside Target	480.10
Downside Target	518.95
Downside Target	597.45
Downside Target	604.45
Downside Target	615.00
Upside Target	667.80
Upside Target	703.95
Upside Target	734.60

Intraday share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Intraday Target	592
Downside Intraday Target	559.55
Upside Intraday Target	662.35
Upside Intraday Target	700.25
Upside Intraday Target	629.9

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	624.45	641.50	667.80	597.45	0.337 times
23 Fri Feb 2024	652.15	703.95	703.95	600.55	0.331 times
16 Fri Feb 2024	675.50	617.00	734.60	615.00	1.456 times
09 Fri Feb 2024	604.45	498.90	604.45	480.10	1.701 times
02 Fri Feb 2024	477.30	486.75	518.95	454.95	1.021 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Surani Steel (SURANI_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	624.45	454.95	734.60	454.95	1.813 times
31 Wed Jan 2024	476.00	341.20	518.95	310.00	3.17 times
29 Fri Dec 2023	325.00	304.90	325.50	285.00	1.246 times
30 Thu Nov 2023	298.00	301.90	324.00	286.90	0.328 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Surani Steel (SURANI_SM)

Price action analysis of Surani Steel ( (SURANI_SM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Surani Steel ( (SURANI_SM) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Surani Steel ( (SURANI_SM) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Surani Steel ( (SURANI_SM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Surani Steel stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Surani Steel in short term but the sell signal is initial and weak.

Surani Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Surani Steel in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Surani Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 654.65 and Surani Steel (SURANI_SM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Surani Steel (SURANI_SM) stock. Volume based technical analysis of Surani Steel (SURANI_SM) stock is negative.

Surani Steel Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.