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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 2024-07-08 View latest technical analysis

10 day averaged volume of Surani Steel is 20560

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	368.80	370.00	370.00	360.00	0.185 times
05 Fri Jul 2024	375.65	383.00	387.00	372.00	0.331 times
04 Thu Jul 2024	380.00	390.00	397.00	379.00	0.418 times
03 Wed Jul 2024	386.85	379.90	389.50	372.00	0.827 times
02 Tue Jul 2024	381.00	382.00	387.00	375.50	0.389 times
01 Mon Jul 2024	373.25	358.90	381.80	353.90	1.362 times
28 Fri Jun 2024	347.10	334.00	352.50	334.00	0.506 times
27 Thu Jun 2024	330.75	344.00	347.00	329.00	1.021 times
26 Wed Jun 2024	339.05	330.00	350.00	330.00	1.469 times
25 Tue Jun 2024	326.45	330.10	350.00	324.00	1.138 times

My analysis of stock is bullish for shortterm, and stock might move up till 380.2 or till 403. Use a stoploss of 361.28 and if this stock hits its stoploss, then it can fall down till 342.34

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	320.00
Downside Target	342.50
Downside Target	353.90
Upside Target	370.00
Upside Target	394.00
Upside Target	397.00
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	362.53
Downside Intraday Target	356.27
Upside Intraday Target	372.53
Upside Intraday Target	376.27
Downside Intraday Target	366.27

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	368.80	370.00	370.00	360.00	0.056 times
05 Fri Jul 2024	375.65	358.90	397.00	353.90	0.499 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

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
08 Mon Jul 2024	368.80	358.90	397.00	353.90	0.184 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Surani Steel ( (SURANI_SM) ) based on a short to mid 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 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 Weak and stock is gaining 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 tired and bears are picking up momentum.

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

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

RSI is generating a BUY signal in short term and the buying is gaining 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 354.54 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.