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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 2024-09-23 View latest technical analysis

10 day averaged volume of Surani Steel is 3380

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	296.00	310.00	310.00	290.00	4.615 times
20 Fri Sep 2024	301.00	299.00	309.00	299.00	2.071 times
19 Thu Sep 2024	292.75	284.00	300.00	270.20	3.018 times
18 Wed Sep 2024	288.00	296.25	296.25	288.00	0.118 times
17 Tue Sep 2024	298.00	319.00	319.00	295.00	0.769 times
16 Mon Sep 2024	290.10	290.00	290.10	290.00	0.651 times
13 Fri Sep 2024	290.00	296.80	296.80	289.95	0.828 times
12 Thu Sep 2024	296.90	297.00	299.00	288.55	0.651 times
11 Wed Sep 2024	289.10	307.50	307.50	285.00	1.006 times
10 Tue Sep 2024	307.70	304.50	309.70	295.00	0.651 times

Stock of Surani Steel (SURANI_SM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 293.1 as stoploss in an intra day buy trade for a target of 299.77. However, stock will show a bearish move below 293.1.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	242.50
Downside Target	270.20
Downside Target	285.00
Upside Target	309.70
Upside Target	326.00
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	287.33
Downside Intraday Target	278.67
Upside Intraday Target	307.33
Upside Intraday Target	318.67
Upside Intraday Target	298.67

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	296.00	310.00	310.00	290.00	0.696 times
20 Fri Sep 2024	301.00	290.00	319.00	270.20	1.965 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

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
23 Mon Sep 2024	296.00	300.20	334.00	270.20	0.392 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls 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 but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 295.55 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 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.