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 2024-10-16 View latest technical analysis

10 day averaged volume of Surani Steel is 6120

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	302.95	302.50	303.25	300.00	0.752 times
15 Tue Oct 2024	301.55	303.15	310.90	298.55	0.425 times
14 Mon Oct 2024	303.15	295.50	306.00	290.40	2.941 times
11 Fri Oct 2024	294.95	265.00	318.90	258.35	3.529 times
10 Thu Oct 2024	265.75	270.00	279.00	253.60	0.98 times
09 Wed Oct 2024	270.85	269.00	278.45	265.05	0.621 times
08 Tue Oct 2024	278.70	265.00	278.75	265.00	0.131 times
07 Mon Oct 2024	270.00	278.00	278.00	255.00	0.261 times
04 Fri Oct 2024	279.45	276.00	279.45	271.25	0.261 times
03 Thu Oct 2024	273.60	282.00	289.90	270.55	0.556 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 298.1, but if it comes below 298.1, then a intra day sell could be more profitable.
If you take a sell trade below 298.1, then use 298.1 as stoploss and 286.27 as target. However if you take a buy trade in stock , then use 298.1 as stoploss and 312.3 as target.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	242.50
Downside Target	253.60
Downside Target	261.00
Downside Target	270.20
Downside Target	289.90
Upside Target	310.00
Upside Target	318.90
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	291.93
Downside Intraday Target	280.92
Upside Intraday Target	312.43
Upside Intraday Target	321.92
Downside Intraday Target	301.42

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	302.95	295.50	310.90	290.40	0.746 times
11 Fri Oct 2024	294.95	278.00	318.90	253.60	4.971 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

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
16 Wed Oct 2024	302.95	281.30	318.90	253.60	0.638 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Surani Steel ( (SURANI_SM) ) based on a short to mid 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 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 gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term but buying is losing 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 291.58 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 rising upwards.

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 is giving positive 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.