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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 2025-05-06 View latest technical analysis

10 day averaged volume of Newmalayalam Steel is 16960

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue May 2025	28.60	28.60	28.60	28.60	0.755 times
05 Mon May 2025	28.05	28.05	28.05	28.05	0.283 times
02 Fri May 2025	27.50	28.40	28.40	27.50	0.377 times
30 Wed Apr 2025	27.85	27.85	27.85	27.85	0.377 times
29 Tue Apr 2025	28.40	28.40	28.40	28.40	0.094 times
28 Mon Apr 2025	28.95	29.55	29.55	28.95	0.755 times
25 Fri Apr 2025	29.55	30.65	30.65	29.55	1.132 times
24 Thu Apr 2025	30.15	30.15	30.15	30.15	1.415 times
22 Tue Apr 2025	29.05	28.75	29.05	28.75	3.962 times
21 Mon Apr 2025	28.50	28.70	28.70	28.50	0.849 times

My analysis of stock is bullish for shortterm, and stock might move up till 29.1 or till 30.2. Use a stoploss of 28.23 and if this stock hits its stoploss, then it can fall down till 27.31

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	27.50
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

Intraday share price targets for Newmalayalam Steel (NMSTEEL_ST)

Target Type	Value
Downside Intraday Target	28.23
Downside Intraday Target	27.87
Upside Intraday Target	28.78
Upside Intraday Target	28.97
Downside Intraday Target	28.42

Weekly technical analysis of Newmalayalam Steel (NMSTEEL_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue May 2025	28.60	28.05	28.60	28.05	0.647 times
02 Fri May 2025	27.50	29.55	29.55	27.50	0.218 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

Price has moved up 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
06 Tue May 2025	28.60	28.40	28.60	27.50	0.04 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term and selling is picking up 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 29.04 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 negative.

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