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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 2024-03-12 View latest technical analysis

10 day averaged volume of Surani Steel is 6600

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	586.65	586.65	586.65	586.65	0.182 times
11 Mon Mar 2024	617.50	650.00	650.00	617.50	1.455 times
07 Thu Mar 2024	650.00	663.00	665.70	614.00	1.03 times
06 Wed Mar 2024	634.00	635.45	641.00	633.65	1.212 times
05 Tue Mar 2024	667.00	675.15	685.00	667.00	0.667 times
04 Mon Mar 2024	699.95	717.00	717.00	670.40	0.545 times
02 Sat Mar 2024	684.00	624.00	687.00	624.00	0.182 times
01 Fri Mar 2024	655.00	648.95	655.00	645.00	0.545 times
29 Thu Feb 2024	624.45	615.00	633.95	597.45	1.273 times
28 Wed Feb 2024	628.90	640.05	647.90	625.05	0.667 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 590.5, for a target of 624.7 or 653.19

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	518.95
Downside Target	586.65
Upside Target	614.00
Upside Target	650.00
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	565.53
Downside Intraday Target	544.42
Upside Intraday Target	628.88
Upside Intraday Target	671.12
Upside Intraday Target	607.77

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	586.65	650.00	650.00	586.65	0.474 times
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

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
12 Tue Mar 2024	586.65	648.95	717.00	586.65	0.052 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 down 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 in or below 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 but buying is losing 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 640.04 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.