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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 2024-09-16 View latest technical analysis

10 day averaged volume of Surani Steel is 3760

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	290.10	290.00	290.10	290.00	0.585 times
13 Fri Sep 2024	290.00	296.80	296.80	289.95	0.745 times
12 Thu Sep 2024	296.90	297.00	299.00	288.55	0.585 times
11 Wed Sep 2024	289.10	307.50	307.50	285.00	0.904 times
10 Tue Sep 2024	307.70	304.50	309.70	295.00	0.585 times
09 Mon Sep 2024	304.50	304.85	305.00	304.00	0.213 times
06 Fri Sep 2024	303.25	295.00	334.00	291.00	2.5 times
05 Thu Sep 2024	306.95	305.00	307.00	305.00	0.213 times
04 Wed Sep 2024	306.45	312.90	312.90	300.00	2.553 times
03 Tue Sep 2024	308.00	301.00	322.50	300.00	1.543 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 291.8, but if it comes above 291.8, then a intra day buy could be more profitable.
If you take a sell trade below 291.8, then use 291.8 as stoploss and 280.5 as target. However if you take a buy trade in stock , then use 291.8 as stoploss and 301.26 as target.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	242.50
Downside Target	254.90
Downside Target	285.00
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	290.03
Downside Intraday Target	289.97
Upside Intraday Target	290.13
Upside Intraday Target	290.17
Downside Intraday Target	290.07

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	290.10	290.00	290.10	290.00	0.193 times
13 Fri Sep 2024	290.00	304.85	309.70	285.00	0.435 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

Price has moved up 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
16 Mon Sep 2024	290.10	300.20	334.00	285.00	0.206 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 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 BUY. Signal strength is Strong and stock is losing 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 SELL signal for Surani Steel in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 301.82 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.