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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 2024-07-29 View latest technical analysis

10 day averaged volume of Surani Steel is 6140

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	329.10	325.00	333.00	325.00	0.261 times
26 Fri Jul 2024	317.70	329.90	329.90	316.00	0.945 times
25 Thu Jul 2024	323.55	323.05	325.00	321.55	0.977 times
24 Wed Jul 2024	326.60	324.50	329.00	320.05	0.977 times
23 Tue Jul 2024	326.85	327.65	331.00	318.20	1.238 times
22 Mon Jul 2024	337.70	322.25	337.75	322.25	0.261 times
19 Fri Jul 2024	329.10	333.10	337.90	326.05	1.629 times
18 Thu Jul 2024	339.50	340.00	341.00	336.00	0.326 times
16 Tue Jul 2024	341.00	338.00	345.00	338.00	0.489 times
15 Mon Jul 2024	338.00	337.95	345.00	337.95	0.358 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 327 as stoploss in an intra day buy trade for a target of 348.68. However, stock will show a bearish move below 327.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	316.00
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	325.07
Downside Intraday Target	321.03
Upside Intraday Target	333.07
Upside Intraday Target	337.03
Downside Intraday Target	329.03

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	329.10	325.00	333.00	325.00	0.059 times
26 Fri Jul 2024	317.70	322.25	337.75	316.00	1.57 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

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
29 Mon Jul 2024	329.10	358.90	397.00	316.00	0.385 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing 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 and the buying is gaining 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 328.19 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 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.