Suraj Stock Analysis: Technical Momentum Shift and Market Assessment

As of 20 Nov 2025, Suraj’s stock price closed at ₹283.35, marking a daily change of 1.41% from the previous close of ₹279.40. The stock’s intraday range spanned from ₹280.00 to ₹283.35, hovering near its 52-week low of ₹273.35 and significantly below its 52-week high of ₹530.23. This price positioning suggests a consolidation phase after a prolonged period of volatility.

Examining the technical trend, Suraj has transitioned from a bearish stance to a mildly bearish outlook. This subtle shift is reflected in the weekly and monthly Moving Average Convergence Divergence (MACD) indicators, where the weekly MACD remains bearish while the monthly MACD shows a mildly bearish tone. The Relative Strength Index (RSI) on both weekly and monthly charts currently signals no definitive momentum, indicating a neutral stance in terms of overbought or oversold conditions.

Bollinger Bands, which measure price volatility and potential breakout points, maintain a bearish indication on both weekly and monthly timeframes. This suggests that price fluctuations remain constrained within a lower trading band, consistent with subdued upward momentum. Daily moving averages also align with a bearish trend, reinforcing the cautious technical environment surrounding Suraj’s stock.

The Know Sure Thing (KST) indicator presents a mixed picture: mildly bullish on the weekly scale but mildly bearish monthly. This divergence points to short-term positive momentum that is not yet confirmed over a longer horizon. Dow Theory analysis further supports this, showing no clear trend on the weekly chart and a mildly bearish trend monthly. On-Balance Volume (OBV), a volume-based indicator, does not currently signal any trend on either timeframe, implying that trading volumes have not decisively influenced price direction recently.

From a returns perspective, Suraj’s performance contrasts sharply with the broader Sensex benchmark. Over the past week, Suraj’s stock recorded a return of 1.67%, outpacing the Sensex’s 0.68% gain. However, this short-term relative strength is offset by longer-term underperformance. Over the past month, Suraj’s stock declined by 2.48%, while the Sensex advanced by 1.33%. Year-to-date figures reveal a significant negative return of 45.49% for Suraj, compared to a positive 10.18% for the Sensex. Similarly, over the last year, Suraj’s stock posted a negative return of 35.86%, whereas the Sensex gained 10.78%.

Longer-term data for Suraj is not available, but the Sensex’s returns over three, five, and ten years stand at 42.30%, 103.99%, and 232.19% respectively, underscoring the broader market’s sustained growth relative to Suraj’s recent challenges. This disparity highlights the stock’s current struggle to keep pace with sectoral and market-wide trends.

Investors analysing Suraj should note the technical indicators’ mixed signals, which suggest a period of uncertainty and potential consolidation. The mildly bearish monthly MACD and Bollinger Bands indicate that downward pressure remains, while the weekly KST’s mildly bullish signal hints at possible short-term recovery attempts. The absence of clear volume trends further emphasises the need for caution, as market participation has not decisively favoured either direction.

Given Suraj’s current technical profile and relative performance, market participants may wish to closely monitor key support and resistance levels. The proximity to the 52-week low suggests a critical support zone near ₹273, while the 52-week high at ₹530 remains a distant resistance benchmark. The daily moving averages’ bearish alignment indicates that any upward price movement may face resistance until a more definitive trend reversal is established.

In summary, Suraj’s recent evaluation adjustment reflects a nuanced market assessment, with technical indicators signalling a cautious stance. The stock’s short-term momentum shows some mild improvement, but longer-term trends and comparative returns highlight ongoing challenges within the Iron & Steel Products sector. Investors should weigh these factors carefully, considering both the technical signals and broader market context before making decisions.

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