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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 2024-03-07 View latest technical analysis

10 day averaged volume of Surani Steel is 8160

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	650.00	663.00	665.70	614.00	0.833 times
06 Wed Mar 2024	634.00	635.45	641.00	633.65	0.98 times
05 Tue Mar 2024	667.00	675.15	685.00	667.00	0.539 times
04 Mon Mar 2024	699.95	717.00	717.00	670.40	0.441 times
02 Sat Mar 2024	684.00	624.00	687.00	624.00	0.147 times
01 Fri Mar 2024	655.00	648.95	655.00	645.00	0.441 times
29 Thu Feb 2024	624.45	615.00	633.95	597.45	1.029 times
28 Wed Feb 2024	628.90	640.05	647.90	625.05	0.539 times
27 Tue Feb 2024	645.00	654.95	667.80	644.95	1.961 times
26 Mon Feb 2024	636.00	641.50	650.00	624.05	1.176 times

My analysis of stock is bearish for shortterm, and stock might move down till 635 or till 607.4. Use a stoploss of 658.03 and if the stock hits stoploss, then it can shoot up till 681.05

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
Upside Target	687.00
Upside Target	703.95
Upside Target	717.00
Upside Target	734.60

Intraday share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Intraday Target	603.67
Downside Intraday Target	557.33
Upside Intraday Target	706.67
Upside Intraday Target	763.33
Upside Intraday Target	660.33

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	650.00	717.00	717.00	614.00	0.528 times
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

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
07 Thu Mar 2024	650.00	648.95	717.00	614.00	0.037 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 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 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.

Price action analysis of Surani Steel ( (SURANI_SM) ) based on a short to mid 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 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.

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 getting stronger in this stock.

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

CCI has generated a buy signal for Surani Steel in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 644.9 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.