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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 2024-05-23 View latest technical analysis

10 day averaged volume of Surani Steel is 2760

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	404.50	397.00	405.00	395.00	1.014 times
22 Wed May 2024	400.50	396.00	405.00	395.00	0.725 times
21 Tue May 2024	405.00	409.00	409.00	405.00	1.232 times
18 Sat May 2024	405.00	405.00	405.00	405.00	0.072 times
17 Fri May 2024	400.20	405.00	405.00	397.40	0.725 times
16 Thu May 2024	405.00	410.00	410.00	398.00	0.362 times
15 Wed May 2024	405.00	405.00	405.00	399.00	1.884 times
14 Tue May 2024	406.95	395.00	420.00	395.00	2.609 times
13 Mon May 2024	400.60	410.00	410.00	391.40	1.304 times
10 Fri May 2024	412.00	402.00	419.95	402.00	0.942 times

My analysis of stock is bearish for shortterm, and stock might move down till 399 or till 388.3. Use a stoploss of 407.92 and if the stock hits stoploss, then it can shoot up till 416.85

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	310.00
Downside Target	386.05
Upside Target	409.00
Upside Target	419.95
Upside Target	423.80
Upside Target	429.90
Upside Target	439.50
Upside Target	454.95
Upside Target	518.95
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	396.67
Downside Intraday Target	388.83
Upside Intraday Target	410.67
Upside Intraday Target	416.83
Downside Intraday Target	402.83

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	404.50	409.00	409.00	395.00	0.427 times
18 Sat May 2024	405.00	410.00	420.00	391.40	1.455 times
10 Fri May 2024	412.00	386.05	419.95	386.05	0.245 times
03 Fri May 2024	398.25	428.60	429.90	391.75	1.035 times
26 Fri Apr 2024	428.60	412.35	439.50	400.00	1.327 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
23 Thu May 2024	404.50	403.25	423.80	386.05	0.397 times
30 Tue Apr 2024	420.40	441.95	543.95	400.00	0.702 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

Scroll below to view daily charts

Price has moved down 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Surani Steel ( (SURANI_SM) ) based on a mid to longer 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.

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.

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 getting stronger in this stock.

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 but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 404.88 and Surani Steel (SURANI_SM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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.