Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-04-04 View latest technical analysis

10 day averaged volume of Surani Steel is 25680

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	520.55	520.55	520.55	518.95	0.561 times
03 Wed Apr 2024	495.80	493.85	495.80	492.00	0.405 times
02 Tue Apr 2024	472.20	472.40	472.40	437.00	0.732 times
01 Mon Apr 2024	449.95	441.95	449.95	441.95	0.125 times
28 Thu Mar 2024	428.55	396.00	428.55	396.00	0.67 times
27 Wed Mar 2024	408.15	410.00	420.00	408.15	0.576 times
26 Tue Mar 2024	429.60	445.00	452.00	429.60	1.262 times
22 Fri Mar 2024	452.20	445.05	459.90	442.00	0.857 times
21 Thu Mar 2024	460.30	431.30	476.70	431.30	5.265 times
20 Wed Mar 2024	454.00	454.00	454.00	454.00	0.031 times

My analysis of stock is bearish for shortterm, and stock might move down till 438 or till 334. Use a stoploss of 524.71 and if the stock hits stoploss, then it can shoot up till 611.39

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
Downside Target	477.90
Downside Target	503.05
Downside 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	464.85
Downside Intraday Target	409.15
Upside Intraday Target	548.4
Upside Intraday Target	576.25
Downside Intraday Target	492.7

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	520.55	441.95	520.55	437.00	0.727 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
04 Thu Apr 2024	520.55	441.95	520.55	437.00	0.173 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 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 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 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 BUY signal for Surani Steel in short term but the buy 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 BUY signal in short term and the buying is gaining 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 456.33 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 is giving positive 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.