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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 2024-10-09 View latest technical analysis

10 day averaged volume of Surani Steel is 5240

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	270.85	269.00	278.45	265.05	0.725 times
08 Tue Oct 2024	278.70	265.00	278.75	265.00	0.153 times
07 Mon Oct 2024	270.00	278.00	278.00	255.00	0.305 times
04 Fri Oct 2024	279.45	276.00	279.45	271.25	0.305 times
03 Thu Oct 2024	273.60	282.00	289.90	270.55	0.649 times
01 Tue Oct 2024	282.00	281.30	282.00	281.30	0.344 times
27 Fri Sep 2024	275.15	287.60	287.75	273.00	1.298 times
26 Thu Sep 2024	282.00	278.55	290.00	278.55	0.687 times
25 Wed Sep 2024	278.55	265.00	287.45	261.00	2.061 times
24 Tue Sep 2024	291.00	297.00	297.00	288.10	1.221 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 276.3, but if it comes above 276.3, then a intra day buy could be more profitable.
If you take a sell trade below 276.3, then use 276.3 as stoploss and 263.9 as target. However if you take a buy trade in stock , then use 276.3 as stoploss and 286.54 as target.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	242.50
Downside Target	255.00
Downside Target	261.00
Downside Target	270.20
Upside Target	278.75
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	257.65
Downside Intraday Target	244.45
Upside Intraday Target	281.4
Upside Intraday Target	291.95
Downside Intraday Target	268.2

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	270.85	278.00	278.75	255.00	0.912 times
04 Fri Oct 2024	279.45	281.30	289.90	270.55	0.157 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

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
09 Wed Oct 2024	270.85	281.30	289.90	255.00	0.126 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 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 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 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 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 278.97 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.