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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 2024-04-16 View latest technical analysis

10 day averaged volume of Surani Steel is 8280

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	469.00	460.00	469.00	460.00	0.193 times
15 Mon Apr 2024	475.00	455.00	475.00	453.55	0.386 times
12 Fri Apr 2024	477.40	500.00	500.00	477.40	0.386 times
10 Wed Apr 2024	502.50	477.00	505.00	477.00	0.242 times
09 Tue Apr 2024	496.00	484.30	496.00	484.30	0.773 times
08 Mon Apr 2024	504.65	525.00	543.40	499.00	0.966 times
05 Fri Apr 2024	525.00	538.00	543.95	500.25	1.594 times
04 Thu Apr 2024	520.55	520.55	520.55	518.95	1.739 times
03 Wed Apr 2024	495.80	493.85	495.80	492.00	1.256 times
02 Tue Apr 2024	472.20	472.40	472.40	437.00	2.271 times

My analysis of stock is bearish for shortterm, and stock might move down till 443.9 or till 404.7. Use a stoploss of 476.57 and if the stock hits stoploss, then it can shoot up till 509.24

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	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	456.7
Downside Intraday Target	444.4
Upside Intraday Target	478.15
Upside Intraday Target	487.3
Downside Intraday Target	465.85

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	469.00	455.00	475.00	453.55	0.245 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
16 Tue Apr 2024	469.00	441.95	543.95	437.00	0.312 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 gaining 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. Bears are getting stronger in this stock.

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 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 498.45 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.