Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-09-11 View latest technical analysis

10 day averaged volume of Surani Steel is 4180

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	289.10	307.50	307.50	285.00	0.813 times
10 Tue Sep 2024	307.70	304.50	309.70	295.00	0.526 times
09 Mon Sep 2024	304.50	304.85	305.00	304.00	0.191 times
06 Fri Sep 2024	303.25	295.00	334.00	291.00	2.249 times
05 Thu Sep 2024	306.95	305.00	307.00	305.00	0.191 times
04 Wed Sep 2024	306.45	312.90	312.90	300.00	2.297 times
03 Tue Sep 2024	308.00	301.00	322.50	300.00	1.388 times
02 Mon Sep 2024	301.00	300.20	301.00	300.00	0.144 times
30 Fri Aug 2024	308.30	305.00	312.50	299.55	0.574 times
29 Thu Aug 2024	299.55	319.50	319.50	295.00	2.105 times

My analysis of stock is bearish for shortterm, and stock might move down till 277.9 or till 255.8. Use a stoploss of 296.29 and if the stock hits stoploss, then it can shoot up till 314.71

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	242.50
Downside Target	254.90
Downside Target	282.95
Upside Target	291.00
Upside Target	309.70
Upside Target	316.00
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	279.5
Downside Intraday Target	269.9
Upside Intraday Target	304.2
Upside Intraday Target	319.3
Upside Intraday Target	294.6

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	289.10	304.85	309.70	285.00	0.244 times
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

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
11 Wed Sep 2024	289.10	300.20	334.00	285.00	0.169 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Surani Steel ( (SURANI_SM) ) based on a short to mid 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 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 losing momentum.

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

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 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 303.3 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.