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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 2024-03-14 View latest technical analysis

10 day averaged volume of Surani Steel is 4920

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	529.50	529.50	529.50	529.50	0.163 times
13 Wed Mar 2024	557.35	557.35	557.35	557.35	0.488 times
12 Tue Mar 2024	586.65	586.65	586.65	586.65	0.244 times
11 Mon Mar 2024	617.50	650.00	650.00	617.50	1.951 times
07 Thu Mar 2024	650.00	663.00	665.70	614.00	1.382 times
06 Wed Mar 2024	634.00	635.45	641.00	633.65	1.626 times
05 Tue Mar 2024	667.00	675.15	685.00	667.00	0.894 times
04 Mon Mar 2024	699.95	717.00	717.00	670.40	0.732 times
02 Sat Mar 2024	684.00	624.00	687.00	624.00	0.244 times
01 Fri Mar 2024	655.00	648.95	655.00	645.00	0.732 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 548.8, for a target of 597.6 or 638.3

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	529.50
Upside Target	597.45
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	489.33
Downside Intraday Target	449.17
Upside Intraday Target	609.83
Upside Intraday Target	690.17
Upside Intraday Target	569.67

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	529.50	650.00	650.00	529.50	0.614 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
14 Thu Mar 2024	529.50	648.95	717.00	529.50	0.056 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 to mid 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 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 SELL. 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 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 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 637.47 and Surani Steel (SURANI_SM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.