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(NMSTEEL_ST) Newmalayalam Steel complete technical analysis [charts+indicators] | Buy/Sell Newmalayalam Steel | (NMSTEEL_ST) share price targets

Complete technical analysis of Newmalayalam Steel (NMSTEEL_ST) by charts plus indicators, forecast predictions and share price targets for Newmalayalam Steel (NMSTEEL_ST)

10 day averaged volume of Newmalayalam Steel is 13440

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu May 2025	29.20	29.20	29.20	29.20	0.238 times
28 Wed May 2025	29.20	29.40	29.40	29.20	0.714 times
27 Tue May 2025	29.40	29.00	29.60	29.00	0.476 times
26 Mon May 2025	29.80	30.10	30.10	29.40	1.905 times
23 Fri May 2025	30.95	30.00	31.00	29.55	0.952 times
22 Thu May 2025	31.00	30.95	31.00	29.20	0.714 times
21 Wed May 2025	30.35	29.50	30.35	29.50	0.238 times
20 Tue May 2025	29.50	30.05	30.05	29.50	1.31 times
19 Mon May 2025	31.05	31.50	31.50	31.05	0.952 times
16 Fri May 2025	31.35	31.60	31.85	30.00	2.5 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 28.6 as stoploss in an intra day buy trade for a target of 29.88. However, stock will show a bearish move below 28.6.

Share price targets for Newmalayalam Steel (NMSTEEL_ST)

Target Type	Value
Downside Target	23.35
Downside Target	24.40
Downside Target	27.50
Downside Target	28.05
Downside Target	29.00
Upside Target	31.50
Upside Target	31.85
Upside Target	34.05
Upside Target	35.25
Upside Target	46.55
Upside Target	49.20
Upside Target	73.35

Intraday share price targets for Newmalayalam Steel (NMSTEEL_ST)

Target Type	Value
Downside Intraday Target	28.77
Downside Intraday Target	28.33
Upside Intraday Target	29.87
Upside Intraday Target	30.53
Upside Intraday Target	29.43

Weekly technical analysis of Newmalayalam Steel (NMSTEEL_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu May 2025	29.20	30.10	30.10	29.00	0.8 times
23 Fri May 2025	30.95	31.50	31.50	29.20	0.814 times
16 Fri May 2025	31.35	31.00	31.85	29.95	1.792 times
08 Thu May 2025	29.70	28.05	29.70	28.05	1.412 times
02 Fri May 2025	27.50	29.55	29.55	27.50	0.218 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 Newmalayalam Steel (NMSTEEL_ST)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu May 2025	29.20	28.40	31.85	27.50	0.36 times
30 Wed Apr 2025	27.85	24.45	30.65	24.40	0.508 times
28 Fri Mar 2025	23.35	33.85	35.25	23.35	3 times
28 Fri Feb 2025	35.50	49.20	49.20	34.05	0.199 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 Newmalayalam Steel (NMSTEEL_ST)

Price action analysis of Newmalayalam Steel ( (NMSTEEL_ST) ) 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 Newmalayalam Steel ( (NMSTEEL_ST) ) based on a short to mid 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 Newmalayalam Steel ( (NMSTEEL_ST) ) 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 Newmalayalam Steel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Newmalayalam Steel in short term but the buy signal is initial and weak.

Newmalayalam 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Newmalayalam Steel in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Newmalayalam 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 30.4 and Newmalayalam Steel (NMSTEEL_ST) 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 Newmalayalam Steel (NMSTEEL_ST) stock. Volume based technical analysis of Newmalayalam Steel (NMSTEEL_ST) stock is negative.

Newmalayalam Steel 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.