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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 2025-06-09 View latest technical analysis

10 day averaged volume of Newmalayalam Steel is 28000

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Jun 2025	32.25	32.25	32.25	32.25	0.686 times
06 Fri Jun 2025	30.75	30.70	30.75	30.70	0.629 times
05 Thu Jun 2025	29.30	29.10	29.30	29.10	0.686 times
04 Wed Jun 2025	27.95	27.00	27.95	27.00	4.971 times
03 Tue Jun 2025	26.65	27.40	27.40	26.25	0.286 times
02 Mon Jun 2025	27.40	27.80	27.80	27.40	0.971 times
30 Fri May 2025	28.85	27.75	28.85	27.75	0.857 times
29 Thu May 2025	29.20	29.20	29.20	29.20	0.114 times
28 Wed May 2025	29.20	29.40	29.40	29.20	0.343 times
27 Tue May 2025	29.40	29.00	29.60	29.00	0.229 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 31.5, but if it comes below 31.5, then a intra day sell could be more profitable.
If you take a sell trade below 31.5, then use 31.5 as stoploss and 29.98 as target. However if you take a buy trade in stock , then use 31.5 as stoploss and 33.2 as target.

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
Downside Target	29.95
Downside Target	31.50
Downside Target	32.25
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	32.25
Downside Intraday Target	32.25
Downside Intraday Target	32.25
Downside Intraday Target	32.25
Downside Intraday Target	32.25

Weekly technical analysis of Newmalayalam Steel (NMSTEEL_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Jun 2025	32.25	32.25	32.25	32.25	0.091 times
06 Fri Jun 2025	30.75	27.80	30.75	26.25	3.07 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

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
09 Mon Jun 2025	32.25	27.80	32.25	26.25	0.966 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 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 BUY. 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 28.61 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 rising upwards.

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 positive

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