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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 2024-03-01 View latest technical analysis

10 day averaged volume of Surani Steel is 17840

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	655.00	648.95	655.00	645.00	0.202 times
29 Thu Feb 2024	624.45	615.00	633.95	597.45	0.471 times
28 Wed Feb 2024	628.90	640.05	647.90	625.05	0.247 times
27 Tue Feb 2024	645.00	654.95	667.80	644.95	0.897 times
26 Mon Feb 2024	636.00	641.50	650.00	624.05	0.538 times
23 Fri Feb 2024	652.15	638.25	677.90	638.25	1.256 times
22 Thu Feb 2024	658.10	620.10	658.10	600.55	0.561 times
21 Wed Feb 2024	626.80	641.10	641.10	626.80	1.009 times
20 Tue Feb 2024	659.75	678.55	693.90	658.00	2.489 times
19 Mon Feb 2024	678.30	703.95	703.95	671.20	1.076 times

My analysis of stock is bullish for shortterm, and stock might move up till 681.7 or till 745.3. Use a stoploss of 628.68 and if this stock hits its stoploss, then it can fall down till 575.68

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	285.00
Downside Target	310.00
Downside Target	324.00
Downside Target	454.95
Downside Target	480.10
Downside Target	518.95
Downside Target	597.45
Downside Target	645.00
Downside Target	655.00
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	612.37
Downside Intraday Target	569.73
Upside Intraday Target	682.72
Upside Intraday Target	710.43
Downside Intraday Target	640.08

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	655.00	641.50	667.80	597.45	0.368 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 up 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
01 Fri Mar 2024	655.00	648.95	655.00	645.00	0.005 times
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

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 gaining momentum.

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

Surani Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Surani Steel in short term and BUY signal is strong.

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

MRSI is in negative zone. This is the SELL 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 651.18 and Surani Steel (SURANI_SM) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.