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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 2024-08-07 View latest technical analysis

10 day averaged volume of Nmdc Steel is 6277378

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	56.27	56.13	56.89	55.57	0.767 times
06 Tue Aug 2024	55.99	54.05	56.25	54.05	1.475 times
05 Mon Aug 2024	53.92	55.15	55.69	53.75	1.516 times
02 Fri Aug 2024	57.01	57.00	57.31	56.22	0.687 times
01 Thu Aug 2024	57.84	58.60	59.59	57.45	1.406 times
31 Wed Jul 2024	58.24	57.99	58.79	57.77	0.696 times
30 Tue Jul 2024	57.83	57.90	58.35	57.61	0.715 times
29 Mon Jul 2024	57.90	58.45	59.50	57.70	0.99 times
26 Fri Jul 2024	58.02	57.00	58.39	56.70	1.04 times
25 Thu Jul 2024	56.14	56.60	57.74	56.00	0.826 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 56 as stoploss in an intra day buy trade for a target of 57.49. However, stock will show a bearish move below 56.

Share price targets for Nmdc Steel (NSLNISP)

Target Type	Value
Downside Target	51.90
Downside Target	53.75
Upside Target	58.25
Upside Target	59.59
Upside Target	61.50
Upside Target	62.45
Upside Target	64.20
Upside Target	67.40
Upside Target	68.95

Intraday share price targets for Nmdc Steel (NSLNISP)

Target Type	Value
Downside Intraday Target	54.38
Downside Intraday Target	52.5
Upside Intraday Target	57.52
Upside Intraday Target	58.78
Downside Intraday Target	55.64

Weekly technical analysis of Nmdc Steel (NSLNISP)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	56.27	55.15	56.89	53.75	0.836 times
02 Fri Aug 2024	57.01	58.45	59.59	56.22	1.045 times
26 Fri Jul 2024	58.02	56.40	58.39	54.34	0.889 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

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
07 Wed Aug 2024	56.27	58.60	59.59	53.75	0.191 times
31 Wed Jul 2024	58.24	57.55	62.45	54.34	1.166 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

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 neutral. A longer time frame might give a better analysis.

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 Weak and stock is losing momentum.

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

Nmdc Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 but buying 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 56.72 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.