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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 2024-08-28 View latest technical analysis

10 day averaged volume of Surani Steel is 9920

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	303.95	303.95	303.95	303.95	0.141 times
27 Tue Aug 2024	303.95	315.00	326.00	300.00	1.25 times
26 Mon Aug 2024	321.00	318.00	325.00	317.00	1.008 times
23 Fri Aug 2024	316.15	309.00	319.00	307.00	0.907 times
22 Thu Aug 2024	296.40	280.00	299.00	280.00	0.302 times
21 Wed Aug 2024	281.95	299.80	299.80	260.00	1.492 times
20 Tue Aug 2024	290.00	276.90	310.00	272.20	0.927 times
19 Mon Aug 2024	276.90	254.90	277.50	254.90	0.423 times
16 Fri Aug 2024	250.00	255.00	264.50	250.00	0.786 times
14 Wed Aug 2024	250.75	250.00	255.00	242.50	1.573 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 314.8 as stoploss in an intra day sell trade for a target of 292.2. However, stock will show a bullish move above 314.8.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	242.50
Downside Target	254.90
Downside Target	280.00
Downside Target	300.00
Upside Target	312.00
Upside Target	341.80
Upside Target	359.00
Upside Target	362.40
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	293.97
Downside Intraday Target	283.98
Upside Intraday Target	319.97
Upside Intraday Target	335.98
Upside Intraday Target	309.98

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	303.95	318.00	326.00	300.00	0.592 times
23 Fri Aug 2024	316.15	254.90	319.00	254.90	0.863 times
16 Fri Aug 2024	250.00	282.00	282.95	242.50	0.971 times
09 Fri Aug 2024	284.00	305.00	312.00	280.00	0.976 times
02 Fri Aug 2024	314.95	325.00	359.00	312.00	1.822 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
28 Wed Aug 2024	303.95	341.80	341.80	242.50	1.033 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Surani Steel ( (SURANI_SM) ) based on a short 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Surani Steel in short term but the buy signal is initial and weak.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Surani Steel in short term but SELL 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

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 286.09 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 rising upwards.

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 is giving positive 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.