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(NMDC) Nmdc complete technical analysis [charts+indicators] | Buy/Sell Nmdc | (NMDC) share price targets

Complete technical analysis of Nmdc (NMDC) by charts plus indicators, forecast predictions and share price targets for Nmdc (NMDC)

Nmdc trades in NSE in Mining sector.

Showing technical analysis as on 2024-02-29 View latest technical analysis

10 day averaged volume of Nmdc is 22475466

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	225.90	224.00	229.60	221.25	7.29 times
28 Wed Feb 2024	223.05	227.00	229.40	222.00	0.855 times
27 Tue Feb 2024	225.05	229.50	231.30	222.40	0.929 times
26 Mon Feb 2024	234.95	238.15	239.20	233.30	0.669 times
23 Fri Feb 2024	238.30	240.85	240.85	236.00	0.721 times
22 Thu Feb 2024	239.00	235.00	239.60	231.30	0.796 times
21 Wed Feb 2024	232.60	244.75	244.75	231.30	0.944 times
20 Tue Feb 2024	240.95	248.25	248.60	239.20	0.831 times
19 Mon Feb 2024	246.30	245.80	250.40	244.60	0.586 times
16 Fri Feb 2024	244.35	248.00	248.00	241.15	0.887 times

Stock of Nmdc (NMDC) has showed a significant upmove. This could be a good time to enter in 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 229.6, but if it comes above 229.6, then a intra day buy could be more profitable.
If you take a sell trade below 229.6, then use 229.6 as stoploss and 220.8 as target. However if you take a buy trade in stock , then use 229.6 as stoploss and 236.99 as target.

Share price targets for Nmdc (NMDC)

Target Type	Value
Downside Target	140.65
Downside Target	152.75
Downside Target	167.55
Downside Target	179.90
Downside Target	183.50
Downside Target	196.60
Downside Target	212.65
Downside Target	217.40
Upside Target	237.50
Upside Target	239.20
Upside Target	247.05
Upside Target	250.40
Upside Target	252.40

Intraday share price targets for Nmdc (NMDC)

Target Type	Value
Downside Intraday Target	218.37
Downside Intraday Target	210.83
Upside Intraday Target	236.32
Upside Intraday Target	246.73
Upside Intraday Target	228.78

Weekly technical analysis of Nmdc (NMDC)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	225.90	238.15	239.20	221.25	2.512 times
23 Fri Feb 2024	238.30	245.80	250.40	231.30	0.673 times
16 Fri Feb 2024	244.35	240.75	252.40	223.30	1.427 times
09 Fri Feb 2024	241.50	240.00	247.05	233.75	1.037 times
02 Fri Feb 2024	235.55	219.55	237.50	217.40	1.221 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 Nmdc (NMDC)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	225.90	222.00	252.40	218.70	1.673 times
31 Wed Jan 2024	219.85	210.90	227.30	196.60	1.215 times
29 Fri Dec 2023	209.65	182.95	212.65	179.90	0.978 times
30 Thu Nov 2023	181.50	154.30	183.50	152.75	0.851 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Nmdc (NMDC)

Price action analysis of Nmdc ( (NMDC) ) 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 Nmdc ( (NMDC) ) 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 Nmdc ( (NMDC) ) 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 Nmdc stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Nmdc in short term but the sell signal is initial and weak.

Nmdc 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 green color and prices are in or below the green cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term but buying is losing 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 Nmdc is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 230.68 and Nmdc (NMDC) 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 Nmdc (NMDC) stock. Volume based technical analysis of Nmdc (NMDC) stock is negative.

Nmdc Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.