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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 2024-05-24 View latest technical analysis

10 day averaged volume of Surani Steel is 3000

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri May 2024	400.00	395.05	400.00	395.00	1 times
23 Thu May 2024	404.50	397.00	405.00	395.00	0.933 times
22 Wed May 2024	400.50	396.00	405.00	395.00	0.667 times
21 Tue May 2024	405.00	409.00	409.00	405.00	1.133 times
18 Sat May 2024	405.00	405.00	405.00	405.00	0.067 times
17 Fri May 2024	400.20	405.00	405.00	397.40	0.667 times
16 Thu May 2024	405.00	410.00	410.00	398.00	0.333 times
15 Wed May 2024	405.00	405.00	405.00	399.00	1.733 times
14 Tue May 2024	406.95	395.00	420.00	395.00	2.4 times
13 Mon May 2024	400.60	410.00	410.00	391.40	1.2 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 398.6 as stoploss in an intra day buy trade for a target of 406.57. However, stock will show a bearish move below 398.6.

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	393.67
Downside Intraday Target	387.33
Upside Intraday Target	407.67
Upside Intraday Target	415.33
Upside Intraday Target	401.33

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri May 2024	400.00	409.00	409.00	395.00	0.583 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
24 Fri May 2024	400.00	403.25	423.80	386.05	0.413 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 403.79 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 has given negative 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.