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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 2024-06-04 View latest technical analysis

10 day averaged volume of Surani Steel is 4060

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	379.90	386.00	386.00	375.10	1.034 times
03 Mon Jun 2024	394.85	400.00	400.00	380.50	0.985 times
31 Fri May 2024	383.80	372.00	383.80	370.00	0.443 times
30 Thu May 2024	377.60	370.00	383.00	362.40	1.527 times
29 Wed May 2024	377.35	388.00	390.00	371.00	1.97 times
28 Tue May 2024	388.00	389.95	390.00	383.50	0.542 times
27 Mon May 2024	384.60	390.50	398.70	382.70	1.773 times
24 Fri May 2024	400.00	395.05	400.00	395.00	0.739 times
23 Thu May 2024	404.50	397.00	405.00	395.00	0.69 times
22 Wed May 2024	400.50	396.00	405.00	395.00	0.493 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 386.2, but if it comes above 386.2, then a intra day buy could be more profitable.
If you take a sell trade below 386.2, then use 386.2 as stoploss and 373.7 as target. However if you take a buy trade in stock , then use 386.2 as stoploss and 396.64 as target.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	362.40
Downside Target	375.10
Upside Target	386.05
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	370
Downside Intraday Target	360.1
Upside Intraday Target	394.9
Upside Intraday Target	409.9
Upside Intraday Target	385

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	379.90	400.00	400.00	375.10	0.323 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 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
04 Tue Jun 2024	379.90	400.00	400.00	375.10	0.079 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 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.

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. Bulls 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 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 386.04 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.