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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)

10 day averaged volume of Surani Steel is 11500

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	398.25	406.55	415.00	391.75	2.191 times
02 Thu May 2024	412.35	403.25	423.80	403.05	0.835 times
30 Tue Apr 2024	420.40	428.00	428.00	403.00	0.643 times
29 Mon Apr 2024	419.70	428.60	429.90	414.00	1.009 times
26 Fri Apr 2024	428.60	427.00	429.85	425.00	0.243 times
25 Thu Apr 2024	427.00	410.75	427.00	410.65	0.209 times
24 Wed Apr 2024	418.00	400.50	424.20	400.00	0.626 times
23 Tue Apr 2024	410.65	409.00	418.95	407.00	0.765 times
22 Mon Apr 2024	424.45	412.35	439.50	411.30	2.678 times
19 Fri Apr 2024	432.95	424.00	439.00	423.30	2.087 times

Stock of Surani Steel (SURANI_SM) has showed a significant fall. This could be a good time to exit from 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 415.1, but if it comes above 415.1, then a intra day buy could be more profitable.
If you take a sell trade below 415.1, then use 415.1 as stoploss and 367 as target. However if you take a buy trade in stock , then use 415.1 as stoploss and 455.19 as target.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	310.00
Downside Target	391.75
Upside Target	423.30
Upside Target	454.95
Upside Target	475.00
Upside Target	477.00
Upside Target	518.95
Upside Target	543.40
Upside Target	543.95
Upside Target	717.00
Upside Target	734.60

Intraday share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Intraday Target	383.37
Downside Intraday Target	368.48
Upside Intraday Target	421.52
Upside Intraday Target	444.78
Upside Intraday Target	406.63

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	398.25	428.60	429.90	391.75	1.035 times
26 Fri Apr 2024	428.60	412.35	439.50	400.00	1.327 times
19 Fri Apr 2024	432.95	455.00	475.00	423.30	2 times
12 Fri Apr 2024	477.40	525.00	543.40	477.00	0.327 times
05 Fri Apr 2024	525.00	441.95	543.95	437.00	0.932 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
03 Fri May 2024	398.25	403.25	423.80	391.75	0.183 times
30 Tue Apr 2024	420.40	441.95	543.95	400.00	0.702 times
28 Thu Mar 2024	428.55	648.95	717.00	396.00	0.363 times
29 Thu Feb 2024	624.45	454.95	734.60	454.95	1.813 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 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 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 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 418.23 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.