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(NSLNISP) Nmdc Steel complete technical analysis [charts+indicators] | Buy/Sell Nmdc Steel | (NSLNISP) share price targets

Complete technical analysis of Nmdc Steel (NSLNISP) by charts plus indicators, forecast predictions and share price targets for Nmdc Steel (NSLNISP)

Showing technical analysis as on 2024-03-27 View latest technical analysis

10 day averaged volume of Nmdc Steel is 15359616

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	54.80	56.40	57.30	54.50	0.592 times
26 Tue Mar 2024	56.40	56.40	57.15	55.40	0.585 times
22 Fri Mar 2024	56.40	55.00	56.70	54.60	0.539 times
21 Thu Mar 2024	55.20	55.50	56.20	54.80	0.678 times
20 Wed Mar 2024	54.40	54.60	55.00	52.85	1.039 times
19 Tue Mar 2024	54.25	54.50	56.95	53.85	1.248 times
18 Mon Mar 2024	54.40	54.50	55.00	53.05	0.703 times
15 Fri Mar 2024	54.40	54.80	55.95	52.60	0.876 times
14 Thu Mar 2024	54.35	52.00	56.40	50.55	1.961 times
13 Wed Mar 2024	51.90	57.95	58.90	51.10	1.725 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 54.4 as stoploss in an intra day buy trade for a target of 57.7. However, stock will show a bearish move below 54.4.

Share price targets for Nmdc Steel (NSLNISP)

Target Type	Value
Downside Target	39.15
Downside Target	43.60
Downside Target	44.85
Downside Target	46.90
Downside Target	50.55
Downside Target	52.85
Downside Target	54.50
Upside Target	56.95
Upside Target	61.35
Upside Target	64.00
Upside Target	64.60
Upside Target	70.90
Upside Target	73.70

Intraday share price targets for Nmdc Steel (NSLNISP)

Target Type	Value
Downside Intraday Target	53.77
Downside Intraday Target	52.73
Upside Intraday Target	56.57
Upside Intraday Target	58.33
Upside Intraday Target	55.53

Weekly technical analysis of Nmdc Steel (NSLNISP)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	54.80	56.40	57.30	54.50	0.28 times
22 Fri Mar 2024	56.40	54.50	56.95	52.85	0.739 times
15 Fri Mar 2024	54.40	61.35	61.35	50.55	1.531 times
07 Thu Mar 2024	61.05	64.00	64.60	58.40	0.879 times
02 Sat Mar 2024	63.45	62.60	64.00	57.90	0.933 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 Nmdc Steel (NSLNISP)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	54.80	61.70	64.60	50.55	0.548 times
29 Thu Feb 2024	61.40	70.00	73.70	57.00	1.198 times
31 Wed Jan 2024	69.65	51.50	70.90	46.90	1.987 times
29 Fri Dec 2023	51.40	44.90	52.85	43.60	1.878 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 Nmdc Steel (NSLNISP)

Price action analysis of Nmdc Steel ( (NSLNISP) ) 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 Nmdc Steel ( (NSLNISP) ) 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 Nmdc Steel ( (NSLNISP) ) based on a mid to longer 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.

ADX buy sell signal for Nmdc Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Nmdc Steel in short term and the sell signal is strong.

Nmdc 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Nmdc Steel in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Nmdc 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 54.24 and Nmdc Steel (NSLNISP) 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 Nmdc Steel (NSLNISP) stock. Volume based technical analysis of Nmdc Steel (NSLNISP) stock is negative.

Nmdc 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.