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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 2024-04-19 View latest technical analysis

10 day averaged volume of Surani Steel is 7280

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	432.95	424.00	439.00	423.30	3.297 times
18 Thu Apr 2024	445.55	469.00	474.80	445.55	1.429 times
16 Tue Apr 2024	469.00	460.00	469.00	460.00	0.22 times
15 Mon Apr 2024	475.00	455.00	475.00	453.55	0.44 times
12 Fri Apr 2024	477.40	500.00	500.00	477.40	0.44 times
10 Wed Apr 2024	502.50	477.00	505.00	477.00	0.275 times
09 Tue Apr 2024	496.00	484.30	496.00	484.30	0.879 times
08 Mon Apr 2024	504.65	525.00	543.40	499.00	1.099 times
05 Fri Apr 2024	525.00	538.00	543.95	500.25	1.813 times
04 Thu Apr 2024	520.55	520.55	520.55	518.95	1.978 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 437.6, but if it comes above 437.6, then a intra day buy could be more profitable.
If you take a sell trade below 437.6, then use 437.6 as stoploss and 400.1 as target. However if you take a buy trade in stock , then use 437.6 as stoploss and 468.86 as target.

Share price targets for Surani Steel (SURANI_SM)

Target Type	Value
Downside Target	285.00
Downside Target	310.00
Downside Target	325.50
Downside Target	396.00
Downside Target	423.30
Upside Target	452.00
Upside Target	475.00
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	412.5
Downside Intraday Target	392.05
Upside Intraday Target	464.2
Upside Intraday Target	495.45
Upside Intraday Target	443.75

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
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
28 Thu Mar 2024	428.55	445.00	452.00	396.00	0.403 times
22 Fri Mar 2024	452.20	477.90	477.90	431.30	8.696 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
19 Fri Apr 2024	432.95	441.95	543.95	423.30	0.439 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
31 Wed Jan 2024	476.00	341.20	518.95	310.00	3.17 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY signal in short term and the buying is gaining 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 479.92 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.