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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 2025-06-17 View latest technical analysis

10 day averaged volume of Newmalayalam Steel is 28800

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Jun 2025	31.30	31.30	31.30	31.30	0.056 times
16 Mon Jun 2025	31.90	31.90	31.90	31.90	0.056 times
13 Fri Jun 2025	32.55	32.55	32.55	32.55	0.278 times
11 Wed Jun 2025	33.20	33.20	33.20	33.20	0.278 times
10 Tue Jun 2025	33.85	33.85	33.85	33.85	1.389 times
09 Mon Jun 2025	32.25	32.25	32.25	32.25	0.667 times
06 Fri Jun 2025	30.75	30.70	30.75	30.70	0.611 times
05 Thu Jun 2025	29.30	29.10	29.30	29.10	0.667 times
04 Wed Jun 2025	27.95	27.00	27.95	27.00	4.833 times
03 Tue Jun 2025	26.65	27.40	27.40	26.25	0.278 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 32.1 as stoploss in an intra day sell trade for a target of 30.27. However, stock will show a bullish move above 32.1.

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	30.10
Upside Target	31.90
Upside Target	32.25
Upside Target	33.85
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	31.1
Downside Intraday Target	30.9
Upside Intraday Target	31.7
Upside Intraday Target	32.1
Upside Intraday Target	31.5

Weekly technical analysis of Newmalayalam Steel (NMSTEEL_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Jun 2025	31.30	31.90	31.90	31.30	0.043 times
13 Fri Jun 2025	32.55	32.25	33.85	32.25	0.356 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

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
17 Tue Jun 2025	31.30	27.80	33.85	26.25	1.215 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 neutral. A longer time frame might give a better analysis.

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 Weak and stock is losing momentum.

MACD generated a BUY signal for Newmalayalam Steel in short term and the buy signal is strong.

Newmalayalam Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 but SELL signal is weak.

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 29.76 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.