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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 2024-04-10 View latest technical analysis

10 day averaged volume of Surani Steel is 13880

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	502.50	477.00	505.00	477.00	0.144 times
09 Tue Apr 2024	496.00	484.30	496.00	484.30	0.461 times
08 Mon Apr 2024	504.65	525.00	543.40	499.00	0.576 times
05 Fri Apr 2024	525.00	538.00	543.95	500.25	0.951 times
04 Thu Apr 2024	520.55	520.55	520.55	518.95	1.037 times
03 Wed Apr 2024	495.80	493.85	495.80	492.00	0.749 times
02 Tue Apr 2024	472.20	472.40	472.40	437.00	1.354 times
01 Mon Apr 2024	449.95	441.95	449.95	441.95	0.231 times
28 Thu Mar 2024	428.55	396.00	428.55	396.00	1.239 times
27 Wed Mar 2024	408.15	410.00	420.00	408.15	1.066 times

My analysis of stock is bullish for shortterm, and stock might move up till 545.5 or till 607.9. Use a stoploss of 493.57 and if this stock hits its stoploss, then it can fall down till 441.61

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	477.00
Upside Target	503.05
Upside Target	518.95
Upside Target	543.40
Upside Target	543.95
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	471.87
Downside Intraday Target	441.23
Upside Intraday Target	538.27
Upside Intraday Target	574.03
Upside Intraday Target	507.63

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	502.50	525.00	543.40	477.00	0.273 times
05 Fri Apr 2024	525.00	441.95	543.95	437.00	0.932 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

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
10 Wed Apr 2024	502.50	441.95	543.95	437.00	0.283 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 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 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 BUY. Signal strength is Weak and stock is gaining 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 tired and bears 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 and selling is picking up 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 475.35 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.