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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 2024-07-03 View latest technical analysis

10 day averaged volume of Surani Steel is 32840

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Jul 2024	386.85	379.90	389.50	372.00	0.518 times
02 Tue Jul 2024	381.00	382.00	387.00	375.50	0.244 times
01 Mon Jul 2024	373.25	358.90	381.80	353.90	0.853 times
28 Fri Jun 2024	347.10	334.00	352.50	334.00	0.317 times
27 Thu Jun 2024	330.75	344.00	347.00	329.00	0.639 times
26 Wed Jun 2024	339.05	330.00	350.00	330.00	0.92 times
25 Tue Jun 2024	326.45	330.10	350.00	324.00	0.713 times
24 Mon Jun 2024	329.30	350.00	355.00	320.00	1.59 times
21 Fri Jun 2024	346.00	342.50	368.95	325.00	4.287 times
20 Thu Jun 2024	358.55	350.30	359.95	350.00	0.238 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 381.1, but if it comes below 381.1, then a intra day sell could be more profitable.
If you take a sell trade below 381.1, then use 381.1 as stoploss and 361.79 as target. However if you take a buy trade in stock , then use 381.1 as stoploss and 404.2 as target.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	320.00
Downside Target	342.50
Downside Target	353.90
Downside Target	370.00
Upside Target	389.50
Upside Target	396.00
Upside Target	400.00
Upside Target	423.80
Upside Target	543.95
Upside Target	717.00

Intraday share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Intraday Target	364
Downside Intraday Target	341.15
Upside Intraday Target	399.6
Upside Intraday Target	412.35
Downside Intraday Target	376.75

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Jul 2024	386.85	358.90	389.50	353.90	0.386 times
28 Fri Jun 2024	347.10	350.00	355.00	320.00	0.759 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

Price has moved up 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
03 Wed Jul 2024	386.85	358.90	389.50	353.90	0.135 times
28 Fri Jun 2024	347.10	400.00	400.00	320.00	3.782 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

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Surani Steel ( (SURANI_SM) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. Signal strength is Weak 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Surani Steel in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 345.96 and Surani Steel (SURANI_SM) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 is giving positive 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.