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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 9760

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	427.00	410.75	427.00	410.65	0.246 times
24 Wed Apr 2024	418.00	400.50	424.20	400.00	0.738 times
23 Tue Apr 2024	410.65	409.00	418.95	407.00	0.902 times
22 Mon Apr 2024	424.45	412.35	439.50	411.30	3.156 times
19 Fri Apr 2024	432.95	424.00	439.00	423.30	2.459 times
18 Thu Apr 2024	445.55	469.00	474.80	445.55	1.066 times
16 Tue Apr 2024	469.00	460.00	469.00	460.00	0.164 times
15 Mon Apr 2024	475.00	455.00	475.00	453.55	0.328 times
12 Fri Apr 2024	477.40	500.00	500.00	477.40	0.328 times
10 Wed Apr 2024	502.50	477.00	505.00	477.00	0.205 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 423.8 as stoploss in an intra day buy trade for a target of 460.65. However, stock will show a bearish move below 423.8.

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	437.00
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	404.83
Downside Intraday Target	382.67
Upside Intraday Target	444.33
Upside Intraday Target	461.67
Downside Intraday Target	422.17

Weekly technical analysis of Surani Steel (SURANI_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	427.00	412.35	439.50	400.00	1.255 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
28 Thu Mar 2024	428.55	445.00	452.00	396.00	0.403 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
25 Thu Apr 2024	427.00	441.95	543.95	400.00	0.621 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Surani Steel stock for short term is SELL. Signal strength is Strong and stock is losing 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 moving up

CCI has generated a buy signal for Surani Steel in short term but BUY signal is weak.

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

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 433.21 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.