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 2024-09-17 View latest technical analysis

10 day averaged volume of Surani Steel is 3920

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	298.00	319.00	319.00	295.00	0.663 times
16 Mon Sep 2024	290.10	290.00	290.10	290.00	0.561 times
13 Fri Sep 2024	290.00	296.80	296.80	289.95	0.714 times
12 Thu Sep 2024	296.90	297.00	299.00	288.55	0.561 times
11 Wed Sep 2024	289.10	307.50	307.50	285.00	0.867 times
10 Tue Sep 2024	307.70	304.50	309.70	295.00	0.561 times
09 Mon Sep 2024	304.50	304.85	305.00	304.00	0.204 times
06 Fri Sep 2024	303.25	295.00	334.00	291.00	2.398 times
05 Thu Sep 2024	306.95	305.00	307.00	305.00	0.204 times
04 Wed Sep 2024	306.45	312.90	312.90	300.00	2.449 times

My analysis of stock is bearish for shortterm, and stock might move down till 292.5 or till 281.6. Use a stoploss of 301.66 and if the stock hits stoploss, then it can shoot up till 310.77

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	285.67
Downside Intraday Target	273.33
Upside Intraday Target	314.67
Upside Intraday Target	331.33
Upside Intraday Target	302.33

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	298.00	290.00	319.00	290.00	0.421 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
17 Tue Sep 2024	298.00	300.20	334.00	285.00	0.22 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 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 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 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 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 and BUY signal is strong.

RSI is generating a SELL signal in short term but selling 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 300.55 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.