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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 2024-06-20 View latest technical analysis

10 day averaged volume of Surani Steel is 9860

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	358.55	350.30	359.95	350.00	0.791 times
19 Wed Jun 2024	350.05	357.55	358.80	350.00	0.669 times
18 Tue Jun 2024	357.55	361.70	370.00	350.00	2.596 times
14 Fri Jun 2024	371.95	369.95	372.00	350.05	0.527 times
13 Thu Jun 2024	369.95	372.90	386.00	342.50	4.767 times
12 Wed Jun 2024	372.95	372.00	377.00	370.00	0.284 times
11 Tue Jun 2024	373.40	388.00	388.00	370.00	0.446 times
10 Mon Jun 2024	387.00	380.00	394.00	380.00	0.243 times
07 Fri Jun 2024	379.50	379.40	379.50	379.40	0.081 times
06 Thu Jun 2024	375.20	369.15	378.45	361.10	0.345 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 365.2, but if it comes above 365.2, then a intra day buy could be more profitable.
If you take a sell trade below 365.2, then use 365.2 as stoploss and 349.4 as target. However if you take a buy trade in stock , then use 365.2 as stoploss and 378.33 as target.

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	349.03
Downside Intraday Target	339.52
Upside Intraday Target	369.03
Upside Intraday Target	379.52
Upside Intraday Target	359.52

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	358.55	361.70	370.00	350.00	0.647 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
20 Thu Jun 2024	358.55	400.00	400.00	342.50	1.104 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Surani Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Surani Steel in short term but BUY signal is weak.

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 365.82 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.