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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 2024-10-29 View latest technical analysis

10 day averaged volume of Surani Steel is 9800

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	241.40	240.00	245.00	237.00	0.388 times
28 Mon Oct 2024	235.80	250.00	254.85	230.00	1.061 times
25 Fri Oct 2024	248.00	245.55	250.00	240.30	1.653 times
24 Thu Oct 2024	245.55	250.00	255.00	242.00	1.286 times
23 Wed Oct 2024	250.70	250.20	258.45	249.50	0.959 times
22 Tue Oct 2024	254.65	269.00	278.20	252.90	0.959 times
21 Mon Oct 2024	270.90	290.00	290.00	266.00	1.245 times
18 Fri Oct 2024	286.35	300.00	300.00	280.50	0.918 times
17 Thu Oct 2024	299.90	302.50	302.50	297.05	1.184 times
16 Wed Oct 2024	302.95	302.50	303.25	300.00	0.469 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 251.8, but if it comes above 251.8, then a intra day buy could be more profitable.
If you take a sell trade below 251.8, then use 251.8 as stoploss and 226.6 as target. However if you take a buy trade in stock , then use 251.8 as stoploss and 272.81 as target.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	230.00
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	310.90
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	229.32
Downside Intraday Target	217.23
Upside Intraday Target	254.17
Upside Intraday Target	266.93
Upside Intraday Target	242.08

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	241.40	250.00	254.85	230.00	0.237 times
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

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
29 Tue Oct 2024	241.40	281.30	318.90	230.00	1.554 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, and volume has increased substantially. This means that the move can 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 losing 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 buy signal for Surani Steel in short term but BUY signal is weak.

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 261.96 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.