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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 2024-08-06 View latest technical analysis

10 day averaged volume of Surani Steel is 8760

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	292.00	305.00	310.00	291.00	2.58 times
05 Mon Aug 2024	293.35	305.00	312.00	290.50	1.484 times
02 Fri Aug 2024	314.95	312.60	318.00	312.00	0.868 times
01 Thu Aug 2024	319.95	341.80	341.80	315.00	1.758 times
31 Wed Jul 2024	332.00	359.00	359.00	320.05	2.169 times
30 Tue Jul 2024	346.60	339.00	352.00	333.20	0.639 times
29 Mon Jul 2024	329.10	325.00	333.00	325.00	0.183 times
26 Fri Jul 2024	317.70	329.90	329.90	316.00	0.662 times
25 Thu Jul 2024	323.55	323.05	325.00	321.55	0.685 times
24 Wed Jul 2024	326.60	324.50	329.00	320.05	0.685 times

Stock of Surani Steel (SURANI_SM) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 292.4, for a target of 313.1 or 330.35

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	290.50
Upside Target	312.00
Upside Target	337.75
Upside Target	359.00
Upside Target	362.40
Upside Target	370.00
Upside Target	397.00
Upside Target	400.00
Upside Target	423.80
Upside Target	543.95

Intraday share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Intraday Target	284.33
Downside Intraday Target	276.67
Upside Intraday Target	305.83
Upside Intraday Target	319.67
Upside Intraday Target	298.17

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	292.00	305.00	312.00	290.50	0.724 times
02 Fri Aug 2024	314.95	325.00	359.00	312.00	1.822 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

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
06 Tue Aug 2024	292.00	341.80	341.80	290.50	0.333 times
31 Wed Jul 2024	332.00	358.90	397.00	316.00	0.448 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

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 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.

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 SELL signal for Surani Steel in short term and SELL signal is strong!

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 314.35 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.