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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 2024-08-20 View latest technical analysis

10 day averaged volume of Nmdc Steel is 5383251

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	55.09	55.89	55.90	55.00	0.492 times
19 Mon Aug 2024	55.58	55.90	55.99	55.00	1.336 times
16 Fri Aug 2024	53.80	53.50	54.18	53.30	0.775 times
14 Wed Aug 2024	53.30	55.10	55.37	53.20	0.836 times
13 Tue Aug 2024	54.37	54.82	55.37	53.65	0.715 times
12 Mon Aug 2024	54.53	54.80	55.15	53.55	0.954 times
09 Fri Aug 2024	54.81	55.80	56.09	54.52	0.537 times
08 Thu Aug 2024	55.26	56.24	56.24	55.00	0.466 times
07 Wed Aug 2024	56.27	56.13	56.89	55.57	0.894 times
06 Tue Aug 2024	55.99	54.05	56.25	54.05	1.721 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 54.4 as stoploss in an intra day buy trade for a target of 55.96. However, stock will show a bearish move below 54.4.

Share price targets for Nmdc Steel (NSLNISP)

Target Type	Value
Downside Target	51.90
Downside Target	53.20
Upside Target	56.89
Upside Target	58.25
Upside Target	58.39
Upside Target	59.59
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	54.73
Downside Intraday Target	54.37
Upside Intraday Target	55.72
Upside Intraday Target	56.35
Upside Intraday Target	55.36

Weekly technical analysis of Nmdc Steel (NSLNISP)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	55.09	55.90	55.99	55.00	0.557 times
16 Fri Aug 2024	53.80	54.80	55.37	53.20	0.609 times
09 Fri Aug 2024	54.81	55.15	56.89	53.75	1.027 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

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
20 Tue Aug 2024	55.09	58.60	59.59	53.20	0.363 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Nmdc Steel ( (NSLNISP) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

ADX buy sell signal for Nmdc Steel stock for short term is SELL. Signal strength is Weak 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 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 weakening, and bulls are picking up momentum!

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 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 55.05 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.