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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 2024-11-01 View latest technical analysis

10 day averaged volume of Surani Steel is 8820

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	254.05	265.80	265.80	250.00	0.249 times
31 Thu Oct 2024	250.00	250.00	258.00	250.00	0.454 times
30 Wed Oct 2024	247.30	250.00	250.00	245.00	0.136 times
29 Tue Oct 2024	241.40	240.00	245.00	237.00	0.431 times
28 Mon Oct 2024	235.80	250.00	254.85	230.00	1.179 times
25 Fri Oct 2024	248.00	245.55	250.00	240.30	1.837 times
24 Thu Oct 2024	245.55	250.00	255.00	242.00	1.429 times
23 Wed Oct 2024	250.70	250.20	258.45	249.50	1.066 times
22 Tue Oct 2024	254.65	269.00	278.20	252.90	1.066 times
21 Mon Oct 2024	270.90	290.00	290.00	266.00	1.383 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 246.4 as stoploss in an intra day buy trade for a target of 268.63. However, stock will show a bearish move below 246.4.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	230.00
Downside Target	240.30
Downside Target	250.00
Upside Target	261.00
Upside Target	280.50
Upside Target	289.90
Upside Target	310.90
Upside Target	316.00
Upside Target	318.90
Upside Target	334.00
Upside Target	341.80
Upside Target	397.00

Intraday share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Intraday Target	234.1
Downside Intraday Target	214.15
Upside Intraday Target	269.9
Upside Intraday Target	285.75
Downside Intraday Target	249.95

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	254.05	250.00	265.80	230.00	0.361 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
01 Fri Nov 2024	254.05	265.80	265.80	250.00	0.013 times
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

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 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 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 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 Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 and BUY signal is strong.

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 250.52 and Surani Steel (SURANI_SM) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.