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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 2024-11-07 View latest technical analysis

10 day averaged volume of Surani Steel is 9880

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	227.05	233.05	235.00	220.00	1.356 times
06 Wed Nov 2024	235.80	237.00	239.95	232.50	1.012 times
05 Tue Nov 2024	237.95	239.00	245.00	235.00	1.822 times
04 Mon Nov 2024	237.40	258.75	258.75	235.00	2.065 times
01 Fri Nov 2024	254.05	265.80	265.80	250.00	0.223 times
31 Thu Oct 2024	250.00	250.00	258.00	250.00	0.405 times
30 Wed Oct 2024	247.30	250.00	250.00	245.00	0.121 times
29 Tue Oct 2024	241.40	240.00	245.00	237.00	0.385 times
28 Mon Oct 2024	235.80	250.00	254.85	230.00	1.053 times
25 Fri Oct 2024	248.00	245.55	250.00	240.30	1.64 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 235.4, but if it comes above 235.4, then a intra day buy could be more profitable.
If you take a sell trade below 235.4, then use 235.4 as stoploss and 204.3 as target. However if you take a buy trade in stock , then use 235.4 as stoploss and 261.27 as target.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	220.00
Upside Target	230.00
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	211.78
Downside Intraday Target	196.52
Upside Intraday Target	250.53
Upside Intraday Target	274.02
Upside Intraday Target	235.27

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	227.05	258.75	258.75	220.00	2.861 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
07 Thu Nov 2024	227.05	265.80	265.80	220.00	0.386 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 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 coming down

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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 238.65 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.