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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 2024-08-23 View latest technical analysis

10 day averaged volume of Nmdc Steel is 3892380

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	54.75	55.18	55.28	54.59	0.654 times
22 Thu Aug 2024	55.17	55.19	55.70	55.10	0.936 times
21 Wed Aug 2024	54.98	55.28	55.48	54.89	0.614 times
20 Tue Aug 2024	55.09	55.89	55.90	55.00	0.68 times
19 Mon Aug 2024	55.58	55.90	55.99	55.00	1.848 times
16 Fri Aug 2024	53.80	53.50	54.18	53.30	1.072 times
14 Wed Aug 2024	53.30	55.10	55.37	53.20	1.157 times
13 Tue Aug 2024	54.37	54.82	55.37	53.65	0.988 times
12 Mon Aug 2024	54.53	54.80	55.15	53.55	1.319 times
09 Fri Aug 2024	54.81	55.80	56.09	54.52	0.742 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 54.2 as stoploss in an intra day buy trade for a target of 55.73. However, stock will show a bearish move below 54.2.

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	54.23
Downside Intraday Target	53.71
Upside Intraday Target	55.63
Upside Intraday Target	56.51
Upside Intraday Target	55.11

Weekly technical analysis of Nmdc Steel (NSLNISP)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	54.75	55.90	55.99	54.59	1.043 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
23 Fri Aug 2024	54.75	58.60	59.59	53.20	0.407 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 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 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 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 gaining momentum.

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

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. Bulls 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 but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 54.65 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 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.