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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 2024-09-26 View latest technical analysis

10 day averaged volume of Surani Steel is 6020

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	282.00	278.55	290.00	278.55	0.598 times
25 Wed Sep 2024	278.55	265.00	287.45	261.00	1.794 times
24 Tue Sep 2024	291.00	297.00	297.00	288.10	1.063 times
23 Mon Sep 2024	296.00	310.00	310.00	290.00	2.591 times
20 Fri Sep 2024	301.00	299.00	309.00	299.00	1.163 times
19 Thu Sep 2024	292.75	284.00	300.00	270.20	1.694 times
18 Wed Sep 2024	288.00	296.25	296.25	288.00	0.066 times
17 Tue Sep 2024	298.00	319.00	319.00	295.00	0.432 times
16 Mon Sep 2024	290.10	290.00	290.10	290.00	0.365 times
13 Fri Sep 2024	290.00	296.80	296.80	289.95	0.465 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 288.2, but if it comes above 288.2, then a intra day buy could be more profitable.
If you take a sell trade below 288.2, then use 288.2 as stoploss and 277.7 as target. However if you take a buy trade in stock , then use 288.2 as stoploss and 296.98 as target.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	242.50
Downside Target	261.00
Downside Target	270.20
Upside Target	285.00
Upside Target	291.00
Upside Target	309.70
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	258.67
Downside Intraday Target	235.33
Upside Intraday Target	307.67
Upside Intraday Target	333.33
Upside Intraday Target	284.33

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	282.00	310.00	310.00	261.00	1.625 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Surani Steel (SURANI_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	282.00	300.20	334.00	261.00	0.5 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 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 term time period is neutral. A longer time frame might give a better analysis.

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 SELL. Signal strength is Weak 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 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 below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Surani Steel in short term but BUY signal is weak.

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

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 291.18 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.