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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 2024-06-13 View latest technical analysis

10 day averaged volume of Surani Steel is 3040

Date	Daily Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	369.95	372.90	386.00	342.50	15.461 times
12 Wed Jun 2024	372.95	372.00	377.00	370.00	0.921 times
11 Tue Jun 2024	373.40	388.00	388.00	370.00	1.447 times
10 Mon Jun 2024	387.00	380.00	394.00	380.00	0.789 times
07 Fri Jun 2024	379.50	379.40	379.50	379.40	0.263 times
06 Thu Jun 2024	375.20	369.15	378.45	361.10	1.118 times
05 Wed Jun 2024	379.85	379.70	379.85	379.70	0.132 times
04 Tue Jun 2024	379.90	386.00	386.00	375.10	1.382 times
03 Mon Jun 2024	394.85	400.00	400.00	380.50	1.316 times
31 Fri May 2024	383.80	372.00	383.80	370.00	0.592 times

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

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 375.3, but if it comes above 375.3, then a intra day buy could be more profitable.
If you take a sell trade below 375.3, then use 375.3 as stoploss and 361.4 as target. However if you take a buy trade in stock , then use 375.3 as stoploss and 386.96 as target.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	342.50
Downside Target	361.10
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	343.63
Downside Intraday Target	317.32
Upside Intraday Target	395.13
Upside Intraday Target	420.32
Downside Intraday Target	368.82

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	369.95	380.00	394.00	342.50	4.422 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Surani Steel (SURANI_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	369.95	400.00	400.00	342.50	0.669 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 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 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.

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

Stock of Surani Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 373.61 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.