(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 3220
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 400.20 | 405.00 | 405.00 | 397.40 | 0.621 times |
| 16 Thu May 2024 | 405.00 | 410.00 | 410.00 | 398.00 | 0.311 times |
| 15 Wed May 2024 | 405.00 | 405.00 | 405.00 | 399.00 | 1.615 times |
| 14 Tue May 2024 | 406.95 | 395.00 | 420.00 | 395.00 | 2.236 times |
| 13 Mon May 2024 | 400.60 | 410.00 | 410.00 | 391.40 | 1.118 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 400.8, but if it comes above 400.8, then a intra day buy could be more profitable.
If you take a sell trade below 400.8, then use 400.8 as stoploss and 388 as target. However if you take a buy trade in stock , then use 400.8 as stoploss and 411.47 as target.
Share price targets for Surani Steel (SURANI_SM)
| Target Type | Value |
| Downside Target | 310.00 |
| Downside Target | 386.05 |
| Upside Target | 419.95 |
| Upside Target | 429.90 |
| Upside Target | 439.50 |
| Upside Target | 454.95 |
| Upside Target | 475.00 |
| Upside Target | 518.95 |
| 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 | 387.73 |
| Downside Intraday Target | 375.27 |
| Upside Intraday Target | 416.33 |
| Upside Intraday Target | 432.47 |
| Upside Intraday Target | 403.87 |
Weekly technical analysis of Surani Steel (SURANI_SM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 400.20 | 410.00 | 420.00 | 391.40 | 1.439 times |
| 10 Fri May 2024 | 412.00 | 386.05 | 419.95 | 386.05 | 0.245 times |
| 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 |
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 |
| 17 Fri May 2024 | 400.20 | 403.25 | 423.80 | 386.05 | 0.353 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 |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 21, 22, 3 | Sell |
| MACD | -39, -43 | Buy |
| Stochastics | 49 | None |
| CCI | -46 | Sell |
| RSI | 51 | Buy |
| OBV | -105400 | Sell |
| VWAP | 404 | Sell |
| ADL | 0 | Sell |
| ROC | 0 | Buy |
| Force Index | 0 | Sell |
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 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 Weak and stock is gaining momentum.
MACD generated a BUY signal for Surani Steel in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Surani Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above 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 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 404.1 and Surani Steel (SURANI_SM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
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 is giving positive 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.
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