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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 2025-06-05 View latest technical analysis

10 day averaged volume of Newmalayalam Steel is 26560

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Jun 2025	29.30	29.10	29.30	29.10	0.723 times
04 Wed Jun 2025	27.95	27.00	27.95	27.00	5.241 times
03 Tue Jun 2025	26.65	27.40	27.40	26.25	0.301 times
02 Mon Jun 2025	27.40	27.80	27.80	27.40	1.024 times
30 Fri May 2025	28.85	27.75	28.85	27.75	0.904 times
29 Thu May 2025	29.20	29.20	29.20	29.20	0.12 times
28 Wed May 2025	29.20	29.40	29.40	29.20	0.361 times
27 Tue May 2025	29.40	29.00	29.60	29.00	0.241 times
26 Mon May 2025	29.80	30.10	30.10	29.40	0.964 times
23 Fri May 2025	30.95	30.00	31.00	29.55	0.482 times

My analysis of stock is bearish for shortterm, and stock might move down till 28.5 or till 26.8. Use a stoploss of 29.83 and if the stock hits stoploss, then it can shoot up till 31.2

Share price targets for Newmalayalam Steel (NMSTEEL_ST)

Target Type	Value
Downside Target	23.35
Downside Target	24.40
Downside Target	26.25
Downside Target	27.50
Downside 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	27.27
Downside Intraday Target	25.23
Upside Intraday Target	30.32
Upside Intraday Target	31.33
Downside Intraday Target	28.28

Weekly technical analysis of Newmalayalam Steel (NMSTEEL_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Jun 2025	29.30	27.80	29.30	26.25	2.814 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Newmalayalam Steel (NMSTEEL_ST)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Thu Jun 2025	29.30	27.80	29.30	26.25	0.812 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 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 SELL signal for Newmalayalam Steel in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Newmalayalam Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Newmalayalam Steel in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 28.43 and Newmalayalam Steel (NMSTEEL_ST) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.