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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 2024-06-03 View latest technical analysis

10 day averaged volume of Surani Steel is 3680

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	394.85	400.00	400.00	380.50	1.087 times
31 Fri May 2024	383.80	372.00	383.80	370.00	0.489 times
30 Thu May 2024	377.60	370.00	383.00	362.40	1.685 times
29 Wed May 2024	377.35	388.00	390.00	371.00	2.174 times
28 Tue May 2024	388.00	389.95	390.00	383.50	0.598 times
27 Mon May 2024	384.60	390.50	398.70	382.70	1.957 times
24 Fri May 2024	400.00	395.05	400.00	395.00	0.815 times
23 Thu May 2024	404.50	397.00	405.00	395.00	0.761 times
22 Wed May 2024	400.50	396.00	405.00	395.00	0.543 times
21 Tue May 2024	405.00	409.00	409.00	405.00	0.924 times

My analysis of stock is bearish for shortterm, and stock might move down till 387.9 or till 376.3. Use a stoploss of 397.67 and if the stock hits stoploss, then it can shoot up till 407.4

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	362.40
Downside Target	380.50
Upside Target	400.00
Upside Target	409.00
Upside Target	419.95
Upside Target	420.00
Upside Target	423.80
Upside Target	454.95
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	383.57
Downside Intraday Target	372.28
Upside Intraday Target	403.07
Upside Intraday Target	411.28
Downside Intraday Target	391.78

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	394.85	400.00	400.00	380.50	0.157 times
31 Fri May 2024	383.80	390.50	398.70	362.40	2.268 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

Price has moved up 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
03 Mon Jun 2024	394.85	400.00	400.00	380.50	0.039 times
31 Fri May 2024	383.80	403.25	423.80	362.40	0.547 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

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 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 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 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 losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Surani Steel in short term and BUY 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 388.26 and Surani Steel (SURANI_SM) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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.