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 2024-10-03 View latest technical analysis

10 day averaged volume of Surani Steel is 6520

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	273.60	282.00	289.90	270.55	0.521 times
01 Tue Oct 2024	282.00	281.30	282.00	281.30	0.276 times
27 Fri Sep 2024	275.15	287.60	287.75	273.00	1.043 times
26 Thu Sep 2024	282.00	278.55	290.00	278.55	0.552 times
25 Wed Sep 2024	278.55	265.00	287.45	261.00	1.656 times
24 Tue Sep 2024	291.00	297.00	297.00	288.10	0.982 times
23 Mon Sep 2024	296.00	310.00	310.00	290.00	2.393 times
20 Fri Sep 2024	301.00	299.00	309.00	299.00	1.074 times
19 Thu Sep 2024	292.75	284.00	300.00	270.20	1.564 times
18 Wed Sep 2024	288.00	296.25	296.25	288.00	0.061 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 269.9, for a target of 282.3 or 292.65

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	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	266.13
Downside Intraday Target	258.67
Upside Intraday Target	285.48
Upside Intraday Target	297.37
Upside Intraday Target	278.02

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	273.60	281.30	289.90	270.55	0.12 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 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
03 Thu Oct 2024	273.60	281.30	289.90	270.55	0.05 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 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 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 288.19 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.