Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-06-18 View latest technical analysis

10 day averaged volume of Surani Steel is 7460

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	357.55	361.70	370.00	350.00	3.432 times
14 Fri Jun 2024	371.95	369.95	372.00	350.05	0.697 times
13 Thu Jun 2024	369.95	372.90	386.00	342.50	6.3 times
12 Wed Jun 2024	372.95	372.00	377.00	370.00	0.375 times
11 Tue Jun 2024	373.40	388.00	388.00	370.00	0.59 times
10 Mon Jun 2024	387.00	380.00	394.00	380.00	0.322 times
07 Fri Jun 2024	379.50	379.40	379.50	379.40	0.107 times
06 Thu Jun 2024	375.20	369.15	378.45	361.10	0.456 times
05 Wed Jun 2024	379.85	379.70	379.85	379.70	0.054 times
04 Tue Jun 2024	379.90	386.00	386.00	375.10	0.563 times

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

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 356.2, for a target of 370.9 or 383.17

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	342.50
Downside Target	350.00
Upside Target	361.10
Upside Target	370.00
Upside Target	394.00
Upside Target	400.00
Upside Target	409.00
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	348.37
Downside Intraday Target	339.18
Upside Intraday Target	368.37
Upside Intraday Target	379.18
Upside Intraday Target	359.18

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	357.55	361.70	370.00	350.00	0.414 times
14 Fri Jun 2024	371.95	380.00	394.00	342.50	4.828 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

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
18 Tue Jun 2024	357.55	400.00	400.00	342.50	0.965 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 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 SELL signal for Surani Steel in short term and the sell signal is strong.

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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 368.17 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.