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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 2024-07-15 View latest technical analysis

10 day averaged volume of Surani Steel is 10540

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	338.00	337.95	345.00	337.95	0.209 times
12 Fri Jul 2024	338.00	336.60	344.60	331.00	1.632 times
11 Thu Jul 2024	345.30	349.00	355.45	344.35	0.171 times
10 Wed Jul 2024	349.00	352.00	352.00	340.00	1.044 times
09 Tue Jul 2024	366.70	360.00	368.00	350.00	0.304 times
08 Mon Jul 2024	368.80	370.00	370.00	360.00	0.361 times
05 Fri Jul 2024	375.65	383.00	387.00	372.00	0.645 times
04 Thu Jul 2024	380.00	390.00	397.00	379.00	0.816 times
03 Wed Jul 2024	386.85	379.90	389.50	372.00	1.613 times
02 Tue Jul 2024	381.00	382.00	387.00	375.50	0.759 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 336.2 as stoploss in an intra day buy trade for a target of 354.37. However, stock will show a bearish move below 336.2.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	320.00
Downside Target	337.95
Upside Target	345.00
Upside Target	353.90
Upside Target	362.40
Upside Target	370.00
Upside Target	396.00
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	335.63
Downside Intraday Target	333.27
Upside Intraday Target	342.68
Upside Intraday Target	347.37
Upside Intraday Target	340.32

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	338.00	337.95	345.00	337.95	0.059 times
12 Fri Jul 2024	338.00	370.00	370.00	331.00	0.541 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

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
15 Mon Jul 2024	338.00	358.90	397.00	331.00	0.274 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 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 Strong and stock is losing 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 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 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 364.82 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.