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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 2024-06-27 View latest technical analysis

10 day averaged volume of Surani Steel is 34160

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	330.75	344.00	347.00	329.00	0.615 times
26 Wed Jun 2024	339.05	330.00	350.00	330.00	0.884 times
25 Tue Jun 2024	326.45	330.10	350.00	324.00	0.685 times
24 Mon Jun 2024	329.30	350.00	355.00	320.00	1.528 times
21 Fri Jun 2024	346.00	342.50	368.95	325.00	4.122 times
20 Thu Jun 2024	358.55	350.30	359.95	350.00	0.228 times
19 Wed Jun 2024	350.05	357.55	358.80	350.00	0.193 times
18 Tue Jun 2024	357.55	361.70	370.00	350.00	0.749 times
14 Fri Jun 2024	371.95	369.95	372.00	350.05	0.152 times
13 Thu Jun 2024	369.95	372.90	386.00	342.50	1.376 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 344, but if it comes above 344, then a intra day buy could be more profitable.
If you take a sell trade below 344, then use 344 as stoploss and 319.8 as target. However if you take a buy trade in stock , then use 344 as stoploss and 364.18 as target.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	320.00
Upside Target	342.50
Upside Target	355.00
Upside Target	370.00
Upside Target	394.00
Upside Target	400.00
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	315.5
Downside Intraday Target	300.25
Upside Intraday Target	350.5
Upside Intraday Target	370.25
Upside Intraday Target	335.25

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	330.75	350.00	355.00	320.00	0.701 times
21 Fri Jun 2024	346.00	361.70	370.00	325.00	2.926 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

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
27 Thu Jun 2024	330.75	400.00	400.00	320.00	3.682 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, and volume has increased substantially. This means that the move can 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 SELL signal for Surani Steel in short term and the sell signal is strong.

Surani Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 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 345.5 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.