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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 2024-10-25 View latest technical analysis

10 day averaged volume of Surani Steel is 11100

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	248.00	245.55	250.00	240.30	1.459 times
24 Thu Oct 2024	245.55	250.00	255.00	242.00	1.135 times
23 Wed Oct 2024	250.70	250.20	258.45	249.50	0.847 times
22 Tue Oct 2024	254.65	269.00	278.20	252.90	0.847 times
21 Mon Oct 2024	270.90	290.00	290.00	266.00	1.099 times
18 Fri Oct 2024	286.35	300.00	300.00	280.50	0.811 times
17 Thu Oct 2024	299.90	302.50	302.50	297.05	1.045 times
16 Wed Oct 2024	302.95	302.50	303.25	300.00	0.414 times
15 Tue Oct 2024	301.55	303.15	310.90	298.55	0.234 times
14 Mon Oct 2024	303.15	295.50	306.00	290.40	1.622 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 259.1, but if it comes above 259.1, then a intra day buy could be more profitable.
If you take a sell trade below 259.1, then use 259.1 as stoploss and 238 as target. However if you take a buy trade in stock , then use 259.1 as stoploss and 276.81 as target.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	240.30
Upside Target	253.60
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	228.87
Downside Intraday Target	209.73
Upside Intraday Target	278.57
Upside Intraday Target	309.13
Upside Intraday Target	259.43

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	248.00	290.00	290.00	240.30	1.306 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
25 Fri Oct 2024	248.00	281.30	318.90	240.30	1.417 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

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

Although the stock is in the BUY zone, but buying 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 273.27 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.