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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 2025-06-03 View latest technical analysis

10 day averaged volume of Newmalayalam Steel is 13920

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Jun 2025	26.65	27.40	27.40	26.25	0.575 times
02 Mon Jun 2025	27.40	27.80	27.80	27.40	1.954 times
30 Fri May 2025	28.85	27.75	28.85	27.75	1.724 times
29 Thu May 2025	29.20	29.20	29.20	29.20	0.23 times
28 Wed May 2025	29.20	29.40	29.40	29.20	0.69 times
27 Tue May 2025	29.40	29.00	29.60	29.00	0.46 times
26 Mon May 2025	29.80	30.10	30.10	29.40	1.839 times
23 Fri May 2025	30.95	30.00	31.00	29.55	0.92 times
22 Thu May 2025	31.00	30.95	31.00	29.20	0.69 times
21 Wed May 2025	30.35	29.50	30.35	29.50	0.23 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 26.9, for a target of 28.5 or 29.85

Share price targets for Newmalayalam Steel (NMSTEEL_ST)

Target Type	Value
Downside Target	23.35
Downside Target	24.40
Downside Target	26.25
Upside Target	27.50
Upside Target	29.20
Upside Target	30.65
Upside Target	31.50
Upside Target	31.85
Upside Target	34.05
Upside Target	35.25
Upside Target	49.20

Intraday share price targets for Newmalayalam Steel (NMSTEEL_ST)

Target Type	Value
Downside Intraday Target	26
Downside Intraday Target	25.35
Upside Intraday Target	27.55
Upside Intraday Target	28.45
Upside Intraday Target	26.9

Weekly technical analysis of Newmalayalam Steel (NMSTEEL_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Jun 2025	26.65	27.80	27.80	26.25	0.512 times
30 Fri May 2025	28.85	30.10	30.10	27.75	1.229 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

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
03 Tue Jun 2025	26.65	27.80	27.80	26.25	0.148 times
30 Fri May 2025	28.85	28.40	31.85	27.50	0.401 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

Scroll below to view daily charts

Price has moved down 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 SELL signal for Newmalayalam Steel in short term and the sell signal is strong.

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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Newmalayalam Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 29.06 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.