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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)

Showing technical analysis as on 2025-04-30 View latest technical analysis

10 day averaged volume of Newmalayalam Steel is 18560

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Apr 2025	27.85	27.85	27.85	27.85	0.345 times
29 Tue Apr 2025	28.40	28.40	28.40	28.40	0.086 times
28 Mon Apr 2025	28.95	29.55	29.55	28.95	0.69 times
25 Fri Apr 2025	29.55	30.65	30.65	29.55	1.034 times
24 Thu Apr 2025	30.15	30.15	30.15	30.15	1.293 times
22 Tue Apr 2025	29.05	28.75	29.05	28.75	3.621 times
21 Mon Apr 2025	28.50	28.70	28.70	28.50	0.776 times
17 Thu Apr 2025	28.60	28.60	28.60	28.30	0.69 times
16 Wed Apr 2025	28.60	28.80	28.80	28.40	0.776 times
15 Tue Apr 2025	28.35	27.80	28.35	27.80	0.776 times

My analysis of stock is bullish for shortterm, and stock might move up till 29.4 or till 31.3. Use a stoploss of 27.7 and if this stock hits its stoploss, then it can fall down till 26.05

Share price targets for Newmalayalam Steel (NMSTEEL_ST)

Target Type	Value
Downside Target	23.35
Downside Target	24.40
Downside Target	26.85
Downside Target	27.80
Upside Target	29.55
Upside Target	30.65
Upside Target	34.05
Upside Target	35.25
Upside Target	46.55
Upside Target	49.20
Upside Target	73.35
Upside Target	77.20
Upside Target	90.00

Intraday share price targets for Newmalayalam Steel (NMSTEEL_ST)

Target Type	Value
Downside Intraday Target	27.28
Downside Intraday Target	26.72
Upside Intraday Target	28.98
Upside Intraday Target	30.12
Upside Intraday Target	28.42

Weekly technical analysis of Newmalayalam Steel (NMSTEEL_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Apr 2025	27.85	29.55	29.55	27.85	0.167 times
25 Fri Apr 2025	29.55	28.70	30.65	28.50	3 times
17 Thu Apr 2025	28.60	27.80	28.80	27.80	0.722 times
11 Fri Apr 2025	27.80	26.85	28.35	26.85	0.164 times
04 Fri Apr 2025	28.25	24.45	28.25	24.40	1.296 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
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
31 Fri Jan 2025	49.95	73.35	73.35	46.55	4.339 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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Newmalayalam 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.

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 red color and prices are below the red 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 SELL signal in short term but selling 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 29.03 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 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.