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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 2024-07-19 View latest technical analysis

10 day averaged volume of Nmdc Steel is 12944586

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	56.65	58.00	58.14	56.45	0.466 times
18 Thu Jul 2024	57.83	58.74	58.91	57.73	0.403 times
16 Tue Jul 2024	58.80	59.64	61.50	58.41	1.005 times
15 Mon Jul 2024	59.45	60.01	60.15	58.62	0.473 times
12 Fri Jul 2024	60.05	60.63	62.45	59.80	2.04 times
11 Thu Jul 2024	60.24	57.98	61.50	57.74	3.375 times
10 Wed Jul 2024	57.64	57.98	58.19	55.41	0.961 times
09 Tue Jul 2024	57.79	57.80	58.04	57.31	0.297 times
08 Mon Jul 2024	57.62	57.50	58.65	57.33	0.552 times
05 Fri Jul 2024	57.46	57.90	57.90	57.17	0.444 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 56.9, but if it comes above 56.9, then a intra day buy could be more profitable.
If you take a sell trade below 56.9, then use 56.9 as stoploss and 55.7 as target. However if you take a buy trade in stock , then use 56.9 as stoploss and 57.91 as target.

Share price targets for Nmdc Steel (NSLNISP)

Target Type	Value
Downside Target	50.55
Downside Target	51.90
Downside Target	55.15
Upside Target	58.10
Upside Target	60.36
Upside Target	61.50
Upside Target	62.45
Upside Target	64.20
Upside Target	64.60
Upside Target	67.40
Upside Target	68.95

Intraday share price targets for Nmdc Steel (NSLNISP)

Target Type	Value
Downside Intraday Target	54.9
Downside Intraday Target	53.15
Upside Intraday Target	59.95
Upside Intraday Target	63.25
Upside Intraday Target	58.2

Weekly technical analysis of Nmdc Steel (NSLNISP)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	56.65	60.01	61.50	56.45	0.325 times
12 Fri Jul 2024	60.05	57.50	62.45	55.41	3.606 times
05 Fri Jul 2024	57.46	57.55	58.62	56.80	1.057 times
28 Fri Jun 2024	56.70	58.50	58.85	56.21	0.753 times
21 Fri Jun 2024	58.62	60.00	60.36	58.10	0.85 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
19 Fri Jul 2024	56.65	57.55	62.45	55.41	0.91 times
28 Fri Jun 2024	56.70	63.60	64.20	51.90	0.666 times
31 Fri May 2024	60.10	64.50	67.40	58.25	0.432 times
30 Tue Apr 2024	64.50	55.15	68.95	55.15	2.238 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 to mid 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 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 Nmdc Steel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

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. Bears 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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 59.17 and Nmdc Steel (NSLNISP) stock is trading below this level. This means that stock is falling with high volumes. 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.