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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 2024-10-18 View latest technical analysis

10 day averaged volume of Surani Steel is 7220

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	286.35	300.00	300.00	280.50	1.247 times
17 Thu Oct 2024	299.90	302.50	302.50	297.05	1.607 times
16 Wed Oct 2024	302.95	302.50	303.25	300.00	0.637 times
15 Tue Oct 2024	301.55	303.15	310.90	298.55	0.36 times
14 Mon Oct 2024	303.15	295.50	306.00	290.40	2.493 times
11 Fri Oct 2024	294.95	265.00	318.90	258.35	2.992 times
10 Thu Oct 2024	265.75	270.00	279.00	253.60	0.831 times
09 Wed Oct 2024	270.85	269.00	278.45	265.05	0.526 times
08 Tue Oct 2024	278.70	265.00	278.75	265.00	0.111 times
07 Mon Oct 2024	270.00	278.00	278.00	255.00	0.222 times

My analysis of stock is bullish for shortterm, and stock might move up till 298.2 or till 312.5. Use a stoploss of 286.28 and if this stock hits its stoploss, then it can fall down till 274.36

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	280.50
Upside Target	289.90
Upside Target	310.00
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	274.27
Downside Intraday Target	262.18
Upside Intraday Target	304.67
Upside Intraday Target	322.98
Upside Intraday Target	292.58

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	286.35	295.50	310.90	280.50	1.355 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 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
18 Fri Oct 2024	286.35	281.30	318.90	253.60	0.837 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 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 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 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 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 gaining momentum.

MACD generated a BUY signal for Surani Steel in short term but the buy signal is initial and weak.

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. Bulls are getting tired and bears 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 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 293.21 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 is giving positive 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.