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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 2024-03-02 View latest technical analysis

10 day averaged volume of Surani Steel is 15600

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	684.00	624.00	687.00	624.00	0.077 times
01 Fri Mar 2024	655.00	648.95	655.00	645.00	0.231 times
29 Thu Feb 2024	624.45	615.00	633.95	597.45	0.538 times
28 Wed Feb 2024	628.90	640.05	647.90	625.05	0.282 times
27 Tue Feb 2024	645.00	654.95	667.80	644.95	1.026 times
26 Mon Feb 2024	636.00	641.50	650.00	624.05	0.615 times
23 Fri Feb 2024	652.15	638.25	677.90	638.25	1.436 times
22 Thu Feb 2024	658.10	620.10	658.10	600.55	0.641 times
21 Wed Feb 2024	626.80	641.10	641.10	626.80	1.154 times
20 Tue Feb 2024	659.75	678.55	693.90	658.00	2.846 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 682.9, but if it comes below 682.9, then a intra day sell could be more profitable.
If you take a sell trade below 682.9, then use 682.9 as stoploss and 638.01 as target. However if you take a buy trade in stock , then use 682.9 as stoploss and 736.7 as target.

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	624.00
Upside Target	687.00
Upside Target	703.95
Upside Target	734.60

Intraday share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Intraday Target	625.3
Downside Intraday Target	566.6
Upside Intraday Target	714.85
Upside Intraday Target	745.7
Downside Intraday Target	656.15

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	684.00	641.50	687.00	597.45	0.379 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
02 Sat Mar 2024	684.00	648.95	687.00	624.00	0.006 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 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 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 Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting stronger in this stock.

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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 647.69 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 is giving positive 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.