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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 2024-10-22 View latest technical analysis

10 day averaged volume of Surani Steel is 9020

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	254.65	269.00	278.20	252.90	1.042 times
21 Mon Oct 2024	270.90	290.00	290.00	266.00	1.353 times
18 Fri Oct 2024	286.35	300.00	300.00	280.50	0.998 times
17 Thu Oct 2024	299.90	302.50	302.50	297.05	1.286 times
16 Wed Oct 2024	302.95	302.50	303.25	300.00	0.51 times
15 Tue Oct 2024	301.55	303.15	310.90	298.55	0.288 times
14 Mon Oct 2024	303.15	295.50	306.00	290.40	1.996 times
11 Fri Oct 2024	294.95	265.00	318.90	258.35	2.395 times
10 Thu Oct 2024	265.75	270.00	279.00	253.60	0.665 times
09 Wed Oct 2024	270.85	269.00	278.45	265.05	0.421 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 253.4, for a target of 269.5 or 282.87

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	242.50
Downside Target	252.90
Upside Target	261.00
Upside Target	270.55
Upside Target	280.50
Upside Target	289.90
Upside Target	310.00
Upside Target	318.90
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	241.7
Downside Intraday Target	228.75
Upside Intraday Target	278.8
Upside Intraday Target	302.95
Upside Intraday Target	265.85

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	254.65	290.00	290.00	252.90	0.472 times
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

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
22 Tue Oct 2024	254.65	281.30	318.90	252.90	1.047 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Surani Steel ( (SURANI_SM) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 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 287.28 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.