Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-05-27 View latest technical analysis

10 day averaged volume of Surani Steel is 3040

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon May 2024	384.60	390.50	398.70	382.70	2.368 times
24 Fri May 2024	400.00	395.05	400.00	395.00	0.987 times
23 Thu May 2024	404.50	397.00	405.00	395.00	0.921 times
22 Wed May 2024	400.50	396.00	405.00	395.00	0.658 times
21 Tue May 2024	405.00	409.00	409.00	405.00	1.118 times
18 Sat May 2024	405.00	405.00	405.00	405.00	0.066 times
17 Fri May 2024	400.20	405.00	405.00	397.40	0.658 times
16 Thu May 2024	405.00	410.00	410.00	398.00	0.329 times
15 Wed May 2024	405.00	405.00	405.00	399.00	1.711 times
14 Tue May 2024	406.95	395.00	420.00	395.00	2.368 times

Stock of Surani Steel (SURANI_SM) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 387.6, for a target of 396.8 or 404.37

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	310.00
Downside Target	382.70
Upside Target	409.00
Upside Target	419.95
Upside Target	420.00
Upside Target	423.80
Upside Target	429.90
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	378.63
Downside Intraday Target	372.67
Upside Intraday Target	394.63
Upside Intraday Target	404.67
Upside Intraday Target	388.67

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon May 2024	384.60	390.50	398.70	382.70	0.643 times
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

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
27 Mon May 2024	384.60	403.25	423.80	382.70	0.451 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 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 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 Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 SELL signal in short term and selling is picking up 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 400.06 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.