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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 2024-06-05 View latest technical analysis

10 day averaged volume of Surani Steel is 4140

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	379.85	379.70	379.85	379.70	0.097 times
04 Tue Jun 2024	379.90	386.00	386.00	375.10	1.014 times
03 Mon Jun 2024	394.85	400.00	400.00	380.50	0.966 times
31 Fri May 2024	383.80	372.00	383.80	370.00	0.435 times
30 Thu May 2024	377.60	370.00	383.00	362.40	1.498 times
29 Wed May 2024	377.35	388.00	390.00	371.00	1.932 times
28 Tue May 2024	388.00	389.95	390.00	383.50	0.531 times
27 Mon May 2024	384.60	390.50	398.70	382.70	1.739 times
24 Fri May 2024	400.00	395.05	400.00	395.00	0.725 times
23 Thu May 2024	404.50	397.00	405.00	395.00	0.676 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 384.6, but if it comes above 384.6, then a intra day buy could be more profitable.
If you take a sell trade below 384.6, then use 384.6 as stoploss and 371.4 as target. However if you take a buy trade in stock , then use 384.6 as stoploss and 395.64 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	369.97
Downside Intraday Target	360.08
Upside Intraday Target	394.87
Upside Intraday Target	409.88
Upside Intraday Target	384.98

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	379.85	400.00	400.00	375.10	0.339 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
05 Wed Jun 2024	379.85	400.00	400.00	375.10	0.083 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 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. Bulls are getting tired and bears are picking up momentum.

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 but selling is losing 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 385.25 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.