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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 2024-04-02 View latest technical analysis

10 day averaged volume of Surani Steel is 23280

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	472.20	472.40	472.40	437.00	0.808 times
01 Mon Apr 2024	449.95	441.95	449.95	441.95	0.137 times
28 Thu Mar 2024	428.55	396.00	428.55	396.00	0.739 times
27 Wed Mar 2024	408.15	410.00	420.00	408.15	0.636 times
26 Tue Mar 2024	429.60	445.00	452.00	429.60	1.392 times
22 Fri Mar 2024	452.20	445.05	459.90	442.00	0.945 times
21 Thu Mar 2024	460.30	431.30	476.70	431.30	5.808 times
20 Wed Mar 2024	454.00	454.00	454.00	454.00	0.034 times
18 Mon Mar 2024	477.90	477.90	477.90	477.90	0.086 times
15 Fri Mar 2024	503.05	503.05	503.05	503.05	0.189 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 444.3 as stoploss in an intra day buy trade for a target of 540.84. However, stock will show a bearish move below 444.3.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	285.00
Downside Target	310.00
Downside Target	325.50
Downside Target	396.00
Downside Target	431.30
Downside Target	452.00
Upside Target	472.40
Upside Target	503.05
Upside Target	518.95
Upside Target	614.00
Upside Target	650.00
Upside Target	717.00
Upside Target	734.60

Intraday share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Intraday Target	448.67
Downside Intraday Target	425.13
Upside Intraday Target	484.07
Upside Intraday Target	495.93
Downside Intraday Target	460.53

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	472.20	441.95	472.40	437.00	0.342 times
28 Thu Mar 2024	428.55	445.00	452.00	396.00	0.403 times
22 Fri Mar 2024	452.20	477.90	477.90	431.30	8.696 times
15 Fri Mar 2024	503.05	650.00	650.00	503.05	0.807 times
07 Thu Mar 2024	650.00	717.00	717.00	614.00	0.528 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 Tue Apr 2024	472.20	441.95	472.40	437.00	0.081 times
28 Thu Mar 2024	428.55	648.95	717.00	396.00	0.363 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

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 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 short term time period is neutral. A longer time frame might give a better analysis.

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 SELL. Signal strength is Strong and stock is losing momentum.

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

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term but selling 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 452 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 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.