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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 2024-09-06 View latest technical analysis

10 day averaged volume of Surani Steel is 6080

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	303.25	295.00	334.00	291.00	1.546 times
05 Thu Sep 2024	306.95	305.00	307.00	305.00	0.132 times
04 Wed Sep 2024	306.45	312.90	312.90	300.00	1.579 times
03 Tue Sep 2024	308.00	301.00	322.50	300.00	0.954 times
02 Mon Sep 2024	301.00	300.20	301.00	300.00	0.099 times
30 Fri Aug 2024	308.30	305.00	312.50	299.55	0.395 times
29 Thu Aug 2024	299.55	319.50	319.50	295.00	1.447 times
28 Wed Aug 2024	303.95	303.95	303.95	303.95	0.23 times
27 Tue Aug 2024	303.95	315.00	326.00	300.00	2.039 times
26 Mon Aug 2024	321.00	318.00	325.00	317.00	1.645 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 312.5 as stoploss in an intra day sell trade for a target of 291.96. However, stock will show a bullish move above 312.5.

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	291.00
Upside Target	312.00
Upside Target	334.00
Upside Target	341.80
Upside Target	362.40
Upside Target	397.00
Upside Target	400.00
Upside Target	423.80

Intraday share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Intraday Target	284.83
Downside Intraday Target	266.42
Upside Intraday Target	327.83
Upside Intraday Target	352.42
Upside Intraday Target	309.42

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	303.25	300.20	334.00	291.00	0.749 times
30 Fri Aug 2024	308.30	318.00	326.00	295.00	0.871 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

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 Fri Sep 2024	303.25	300.20	334.00	291.00	0.136 times
30 Fri Aug 2024	308.30	341.80	341.80	242.50	1.097 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

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 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 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 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 BUY. Signal strength is Strong and stock is gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

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 buy signal for Surani Steel in short term and BUY signal is strong.

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 306.95 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.