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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 2024-04-15 View latest technical analysis

10 day averaged volume of Surani Steel is 9680

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	475.00	455.00	475.00	453.55	0.331 times
12 Fri Apr 2024	477.40	500.00	500.00	477.40	0.331 times
10 Wed Apr 2024	502.50	477.00	505.00	477.00	0.207 times
09 Tue Apr 2024	496.00	484.30	496.00	484.30	0.661 times
08 Mon Apr 2024	504.65	525.00	543.40	499.00	0.826 times
05 Fri Apr 2024	525.00	538.00	543.95	500.25	1.364 times
04 Thu Apr 2024	520.55	520.55	520.55	518.95	1.488 times
03 Wed Apr 2024	495.80	493.85	495.80	492.00	1.074 times
02 Tue Apr 2024	472.20	472.40	472.40	437.00	1.942 times
01 Mon Apr 2024	449.95	441.95	449.95	441.95	0.331 times

My analysis of stock is bearish for shortterm, and stock might move down till 444 or till 399.5. Use a stoploss of 480.98 and if the stock hits stoploss, then it can shoot up till 518.01

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	475.00
Upside Target	518.95
Upside Target	543.40
Upside Target	543.95
Upside Target	717.00
Upside Target	734.60

Intraday share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Intraday Target	460.7
Downside Intraday Target	446.4
Upside Intraday Target	482.15
Upside Intraday Target	489.3
Downside Intraday Target	467.85

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	475.00	455.00	475.00	453.55	0.163 times
12 Fri Apr 2024	477.40	525.00	543.40	477.00	0.327 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

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
15 Mon Apr 2024	475.00	441.95	543.95	437.00	0.306 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 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 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 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.

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. 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 coming down

CCI has generated a SELL signal for Surani Steel in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 497.15 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 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.