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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 2024-06-12 View latest technical analysis

10 day averaged volume of Surani Steel is 3560

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	372.95	372.00	377.00	370.00	0.787 times
11 Tue Jun 2024	373.40	388.00	388.00	370.00	1.236 times
10 Mon Jun 2024	387.00	380.00	394.00	380.00	0.674 times
07 Fri Jun 2024	379.50	379.40	379.50	379.40	0.225 times
06 Thu Jun 2024	375.20	369.15	378.45	361.10	0.955 times
05 Wed Jun 2024	379.85	379.70	379.85	379.70	0.112 times
04 Tue Jun 2024	379.90	386.00	386.00	375.10	1.18 times
03 Mon Jun 2024	394.85	400.00	400.00	380.50	1.124 times
31 Fri May 2024	383.80	372.00	383.80	370.00	0.506 times
30 Thu May 2024	377.60	370.00	383.00	362.40	1.742 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 377.1, but if it comes above 377.1, then a intra day buy could be more profitable.
If you take a sell trade below 377.1, then use 377.1 as stoploss and 363.2 as target. However if you take a buy trade in stock , then use 377.1 as stoploss and 388.71 as target.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	361.10
Downside Target	370.00
Upside Target	391.40
Upside Target	400.00
Upside Target	409.00
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	363.97
Downside Intraday Target	354.98
Upside Intraday Target	387.97
Upside Intraday Target	402.98
Upside Intraday Target	378.98

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	372.95	380.00	394.00	370.00	0.75 times
07 Fri Jun 2024	379.50	400.00	400.00	361.10	0.504 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

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
12 Wed Jun 2024	372.95	400.00	400.00	361.10	0.216 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 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 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. 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 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 380.07 and Surani Steel (SURANI_SM) stock is trading below this level. This means that stock is falling with high volumes. 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.