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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 2024-04-04 View latest technical analysis

10 day averaged volume of Nmdc Steel is 13580932

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	61.80	62.35	62.90	60.90	0.615 times
03 Wed Apr 2024	62.00	62.00	63.50	61.50	0.961 times
02 Tue Apr 2024	62.05	60.85	63.00	59.45	1.469 times
01 Mon Apr 2024	60.95	55.15	61.90	55.15	1.757 times
28 Thu Mar 2024	54.70	55.20	56.20	54.40	0.521 times
27 Wed Mar 2024	54.80	56.40	57.30	54.50	0.669 times
26 Tue Mar 2024	56.40	56.40	57.15	55.40	0.662 times
22 Fri Mar 2024	56.40	55.00	56.70	54.60	0.61 times
21 Thu Mar 2024	55.20	55.50	56.20	54.80	0.767 times
20 Wed Mar 2024	54.40	54.60	55.00	52.85	1.175 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 60.7, but if it comes below 60.7, then a intra day sell could be more profitable.
If you take a sell trade below 60.7, then use 60.7 as stoploss and 57.43 as target. However if you take a buy trade in stock , then use 60.7 as stoploss and 64.6 as target.

Share price targets for Nmdc Steel (NSLNISP)

Target Type	Value
Downside Target	43.60
Downside Target	46.90
Downside Target	50.55
Downside Target	52.85
Downside Target	54.40
Downside Target	56.95
Downside Target	61.35
Upside Target	63.50
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	56.8
Downside Intraday Target	51.8
Upside Intraday Target	65.15
Upside Intraday Target	68.5
Downside Intraday Target	60.15

Weekly technical analysis of Nmdc Steel (NSLNISP)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	61.80	55.15	63.50	55.15	2.594 times
28 Thu Mar 2024	54.70	56.40	57.30	54.40	0.389 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

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 Nmdc Steel (NSLNISP)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	61.80	55.15	63.50	55.15	0.256 times
28 Thu Mar 2024	54.70	61.70	64.60	50.55	0.564 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

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 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 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 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 BUY. Signal strength is Strong and stock is losing momentum.

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

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

Nmdc 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 red color and prices are in or above 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 BUY signal in short term and the buying is gaining 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 Nmdc 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 58.55 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 rising upwards.

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 is giving positive 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.