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 2024-10-31 View latest technical analysis

10 day averaged volume of Surani Steel is 9580

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	250.00	250.00	258.00	250.00	0.418 times
30 Wed Oct 2024	247.30	250.00	250.00	245.00	0.125 times
29 Tue Oct 2024	241.40	240.00	245.00	237.00	0.397 times
28 Mon Oct 2024	235.80	250.00	254.85	230.00	1.086 times
25 Fri Oct 2024	248.00	245.55	250.00	240.30	1.691 times
24 Thu Oct 2024	245.55	250.00	255.00	242.00	1.315 times
23 Wed Oct 2024	250.70	250.20	258.45	249.50	0.981 times
22 Tue Oct 2024	254.65	269.00	278.20	252.90	0.981 times
21 Mon Oct 2024	270.90	290.00	290.00	266.00	1.273 times
18 Fri Oct 2024	286.35	300.00	300.00	280.50	0.939 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 247.8 as stoploss in an intra day buy trade for a target of 269.9. However, stock will show a bearish move below 247.8.

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	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	234
Downside Intraday Target	218
Upside Intraday Target	262
Upside Intraday Target	274
Downside Intraday Target	246

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	250.00	250.00	258.00	230.00	0.324 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 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
31 Thu Oct 2024	250.00	281.30	318.90	230.00	1.605 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 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 short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

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 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 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 254.09 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.