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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 2024-07-10 View latest technical analysis

10 day averaged volume of Surani Steel is 13700

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	349.00	352.00	352.00	340.00	0.803 times
09 Tue Jul 2024	366.70	360.00	368.00	350.00	0.234 times
08 Mon Jul 2024	368.80	370.00	370.00	360.00	0.277 times
05 Fri Jul 2024	375.65	383.00	387.00	372.00	0.496 times
04 Thu Jul 2024	380.00	390.00	397.00	379.00	0.628 times
03 Wed Jul 2024	386.85	379.90	389.50	372.00	1.241 times
02 Tue Jul 2024	381.00	382.00	387.00	375.50	0.584 times
01 Mon Jul 2024	373.25	358.90	381.80	353.90	2.044 times
28 Fri Jun 2024	347.10	334.00	352.50	334.00	0.759 times
27 Thu Jun 2024	330.75	344.00	347.00	329.00	1.533 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 341.1 as stoploss in an intra day buy trade for a target of 359.05. However, stock will show a bearish move below 341.1.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	320.00
Downside Target	340.00
Upside Target	353.90
Upside Target	362.40
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	336
Downside Intraday Target	323
Upside Intraday Target	366
Upside Intraday Target	383
Upside Intraday Target	353

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	349.00	370.00	370.00	340.00	0.263 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
10 Wed Jul 2024	349.00	358.90	397.00	340.00	0.22 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 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 neutral. A longer time frame might give a better analysis.

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 BUY signal for Surani Steel in short term but the buy signal is initial and weak.

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 BUY signal in short term but buying 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 363.9 and Surani Steel (SURANI_SM) stock is trading below this level. This means that stock is falling with high volumes. 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.