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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 2024-10-01 View latest technical analysis

10 day averaged volume of Surani Steel is 6560

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	282.00	281.30	282.00	281.30	0.274 times
27 Fri Sep 2024	275.15	287.60	287.75	273.00	1.037 times
26 Thu Sep 2024	282.00	278.55	290.00	278.55	0.549 times
25 Wed Sep 2024	278.55	265.00	287.45	261.00	1.646 times
24 Tue Sep 2024	291.00	297.00	297.00	288.10	0.976 times
23 Mon Sep 2024	296.00	310.00	310.00	290.00	2.378 times
20 Fri Sep 2024	301.00	299.00	309.00	299.00	1.067 times
19 Thu Sep 2024	292.75	284.00	300.00	270.20	1.555 times
18 Wed Sep 2024	288.00	296.25	296.25	288.00	0.061 times
17 Tue Sep 2024	298.00	319.00	319.00	295.00	0.396 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 284.5, but if it comes above 284.5, then a intra day buy could be more profitable.
If you take a sell trade below 284.5, then use 284.5 as stoploss and 272.6 as target. However if you take a buy trade in stock , then use 284.5 as stoploss and 294.37 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
Downside Target	281.30
Upside Target	291.00
Upside Target	309.70
Upside Target	319.00
Upside Target	320.00
Upside Target	334.00
Upside Target	341.80
Upside Target	397.00
Upside Target	400.00

Intraday share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Intraday Target	281.53
Downside Intraday Target	281.07
Upside Intraday Target	282.23
Upside Intraday Target	282.47
Downside Intraday Target	281.77

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	282.00	281.30	282.00	281.30	0.042 times
27 Fri Sep 2024	275.15	310.00	310.00	261.00	1.929 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

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
01 Tue Oct 2024	282.00	281.30	282.00	281.30	0.017 times
27 Fri Sep 2024	275.15	300.20	334.00	261.00	0.535 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

Scroll below to view daily charts

Price has moved up 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 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 Strong and stock is gaining 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 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 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 289.34 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.