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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 2024-11-05 View latest technical analysis

10 day averaged volume of Surani Steel is 8960

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	237.95	239.00	245.00	235.00	2.009 times
04 Mon Nov 2024	237.40	258.75	258.75	235.00	2.277 times
01 Fri Nov 2024	254.05	265.80	265.80	250.00	0.246 times
31 Thu Oct 2024	250.00	250.00	258.00	250.00	0.446 times
30 Wed Oct 2024	247.30	250.00	250.00	245.00	0.134 times
29 Tue Oct 2024	241.40	240.00	245.00	237.00	0.424 times
28 Mon Oct 2024	235.80	250.00	254.85	230.00	1.161 times
25 Fri Oct 2024	248.00	245.55	250.00	240.30	1.808 times
24 Thu Oct 2024	245.55	250.00	255.00	242.00	1.406 times
23 Wed Oct 2024	250.70	250.20	258.45	249.50	1.049 times

Stock of Surani Steel (SURANI_SM) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 241.1, but if it comes above 241.1, then a intra day buy could be more profitable.
If you take a sell trade below 241.1, then use 241.1 as stoploss and 212.4 as target. However if you take a buy trade in stock , then use 241.1 as stoploss and 264.96 as target.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	230.00
Downside Target	235.00
Upside Target	240.30
Upside Target	253.60
Upside Target	258.75
Upside Target	280.50
Upside Target	290.00
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	229.05
Downside Intraday Target	220.15
Upside Intraday Target	252.8
Upside Intraday Target	267.65
Upside Intraday Target	243.9

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	237.95	258.75	258.75	235.00	1.778 times
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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Surani Steel (SURANI_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	237.95	265.80	265.80	235.00	0.245 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 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 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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 getting stronger in this stock.

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 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 242.56 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.