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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 2024-08-07 View latest technical analysis

10 day averaged volume of Surani Steel is 10260

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	298.50	299.40	299.95	298.50	0.058 times
06 Tue Aug 2024	292.00	305.00	310.00	291.00	2.203 times
05 Mon Aug 2024	293.35	305.00	312.00	290.50	1.267 times
02 Fri Aug 2024	314.95	312.60	318.00	312.00	0.741 times
01 Thu Aug 2024	319.95	341.80	341.80	315.00	1.501 times
31 Wed Jul 2024	332.00	359.00	359.00	320.05	1.852 times
30 Tue Jul 2024	346.60	339.00	352.00	333.20	0.546 times
29 Mon Jul 2024	329.10	325.00	333.00	325.00	0.156 times
26 Fri Jul 2024	317.70	329.90	329.90	316.00	0.565 times
25 Thu Jul 2024	323.55	323.05	325.00	321.55	0.585 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 310.5, but if it comes above 310.5, then a intra day buy could be more profitable.
If you take a sell trade below 310.5, then use 310.5 as stoploss and 290.8 as target. However if you take a buy trade in stock , then use 310.5 as stoploss and 326.94 as target.

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	288.67
Downside Intraday Target	278.83
Upside Intraday Target	310.17
Upside Intraday Target	321.83
Upside Intraday Target	300.33

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	298.50	305.00	312.00	290.50	0.736 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
07 Wed Aug 2024	298.50	341.80	341.80	290.50	0.337 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 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 313.5 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.