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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 2024-07-22 View latest technical analysis

10 day averaged volume of Surani Steel is 6100

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	337.70	322.25	337.75	322.25	0.262 times
19 Fri Jul 2024	329.10	333.10	337.90	326.05	1.639 times
18 Thu Jul 2024	339.50	340.00	341.00	336.00	0.328 times
16 Tue Jul 2024	341.00	338.00	345.00	338.00	0.492 times
15 Mon Jul 2024	338.00	337.95	345.00	337.95	0.361 times
12 Fri Jul 2024	338.00	336.60	344.60	331.00	2.82 times
11 Thu Jul 2024	345.30	349.00	355.45	344.35	0.295 times
10 Wed Jul 2024	349.00	352.00	352.00	340.00	1.803 times
09 Tue Jul 2024	366.70	360.00	368.00	350.00	0.525 times
08 Mon Jul 2024	368.80	370.00	370.00	360.00	0.623 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 331.6 as stoploss in an intra day buy trade for a target of 351.13. However, stock will show a bearish move below 331.6.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	320.00
Upside Target	337.75
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	327.38
Downside Intraday Target	317.07
Upside Intraday Target	342.88
Upside Intraday Target	348.07
Downside Intraday Target	332.57

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	337.70	322.25	337.75	322.25	0.093 times
19 Fri Jul 2024	329.10	337.95	345.00	326.05	0.465 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

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
22 Mon Jul 2024	337.70	358.90	397.00	322.25	0.316 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 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 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 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 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 SELL signal for Surani Steel in short term and the sell signal is strong.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

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 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 342.76 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.