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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 2024-04-16 View latest technical analysis

10 day averaged volume of Nmdc Steel is 24676347

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	62.25	62.30	65.15	61.55	1.862 times
15 Mon Apr 2024	62.30	60.25	64.40	59.90	1.596 times
12 Fri Apr 2024	63.90	65.80	67.90	63.45	1.762 times
10 Wed Apr 2024	65.85	61.00	66.45	60.90	2.906 times
09 Tue Apr 2024	60.75	61.60	62.15	60.25	0.424 times
08 Mon Apr 2024	61.35	62.15	63.30	60.90	0.347 times
05 Fri Apr 2024	61.85	61.80	62.90	61.00	0.323 times
04 Thu Apr 2024	61.80	62.35	62.90	60.90	0.339 times
03 Wed Apr 2024	62.00	62.00	63.50	61.50	0.529 times
02 Tue Apr 2024	62.05	60.85	63.00	59.45	0.808 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 62.8 as stoploss in an intra day sell trade for a target of 59. However, stock will show a bullish move above 62.8.

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	59.90
Upside Target	63.50
Upside Target	64.60
Upside Target	65.15
Upside Target	67.90
Upside Target	70.90
Upside Target	73.70

Intraday share price targets for Nmdc Steel (NSLNISP)

Target Type	Value
Downside Intraday Target	59.72
Downside Intraday Target	57.18
Upside Intraday Target	64.97
Upside Intraday Target	67.68
Upside Intraday Target	62.43

Weekly technical analysis of Nmdc Steel (NSLNISP)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	62.25	60.25	65.15	59.90	0.636 times
12 Fri Apr 2024	63.90	62.15	67.90	60.25	1.834 times
05 Fri Apr 2024	61.85	55.15	63.50	55.15	2.911 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

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
16 Tue Apr 2024	62.25	55.15	67.90	55.15	1.147 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

MACD generated a BUY signal for Nmdc Steel in short term and the buy 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Nmdc 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 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 63.34 and Nmdc Steel (NSLNISP) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

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