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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 2024-07-11 View latest technical analysis

10 day averaged volume of Surani Steel is 11780

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	345.30	349.00	355.45	344.35	0.153 times
10 Wed Jul 2024	349.00	352.00	352.00	340.00	0.934 times
09 Tue Jul 2024	366.70	360.00	368.00	350.00	0.272 times
08 Mon Jul 2024	368.80	370.00	370.00	360.00	0.323 times
05 Fri Jul 2024	375.65	383.00	387.00	372.00	0.577 times
04 Thu Jul 2024	380.00	390.00	397.00	379.00	0.73 times
03 Wed Jul 2024	386.85	379.90	389.50	372.00	1.443 times
02 Tue Jul 2024	381.00	382.00	387.00	375.50	0.679 times
01 Mon Jul 2024	373.25	358.90	381.80	353.90	2.377 times
28 Fri Jun 2024	347.10	334.00	352.50	334.00	0.883 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 339.8 as stoploss in an intra day buy trade for a target of 357.66. However, stock will show a bearish move below 339.8.

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	333.53
Downside Intraday Target	321.77
Upside Intraday Target	363.53
Upside Intraday Target	381.77
Upside Intraday Target	351.77

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	345.30	370.00	370.00	340.00	0.289 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
11 Thu Jul 2024	345.30	358.90	397.00	340.00	0.225 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 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 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 losing 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 buy signal for Surani Steel in short term but BUY 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

Although the stock is in the BUY zone, but buying 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 370.62 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.