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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 2024-07-24 View latest technical analysis

10 day averaged volume of Nmdc Steel is 12797279

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	57.16	56.90	57.50	56.28	0.318 times
23 Tue Jul 2024	56.11	57.40	57.58	54.34	0.524 times
22 Mon Jul 2024	56.78	56.40	57.40	55.84	0.353 times
19 Fri Jul 2024	56.65	58.00	58.14	56.45	0.472 times
18 Thu Jul 2024	57.83	58.74	58.91	57.73	0.408 times
16 Tue Jul 2024	58.80	59.64	61.50	58.41	1.016 times
15 Mon Jul 2024	59.45	60.01	60.15	58.62	0.478 times
12 Fri Jul 2024	60.05	60.63	62.45	59.80	2.063 times
11 Thu Jul 2024	60.24	57.98	61.50	57.74	3.414 times
10 Wed Jul 2024	57.64	57.98	58.19	55.41	0.972 times

My analysis of stock is bearish for shortterm, and stock might move down till 56.6 or till 55.3. Use a stoploss of 57.71 and if the stock hits stoploss, then it can shoot up till 58.81

Share price targets for Nmdc Steel (NSLNISP)

Target Type	Value
Downside Target	50.55
Downside Target	51.90
Downside Target	54.34
Upside Target	58.85
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	55.14
Downside Intraday Target	53.12
Upside Intraday Target	58.38
Upside Intraday Target	59.6
Downside Intraday Target	56.36

Weekly technical analysis of Nmdc Steel (NSLNISP)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	57.16	56.40	57.58	54.34	0.503 times
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

Price has moved up 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
24 Wed Jul 2024	57.16	57.55	62.45	54.34	1.003 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 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 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 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Nmdc Steel in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Nmdc Steel in short term but BUY 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 59.06 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.