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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 2024-09-16 View latest technical analysis

10 day averaged volume of Nmdc Steel is 4276238

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	53.08	54.25	54.25	53.00	0.708 times
13 Fri Sep 2024	53.51	53.00	54.40	52.80	1.235 times
12 Thu Sep 2024	52.63	52.61	53.10	52.18	0.644 times
11 Wed Sep 2024	52.30	53.36	53.36	52.10	0.47 times
10 Tue Sep 2024	53.09	52.75	53.48	52.67	0.742 times
09 Mon Sep 2024	52.47	53.50	53.50	51.91	0.929 times
06 Fri Sep 2024	53.41	54.95	55.25	53.35	0.815 times
05 Thu Sep 2024	54.75	54.81	55.14	54.37	0.736 times
04 Wed Sep 2024	54.90	53.00	55.50	52.91	3.484 times
03 Tue Sep 2024	53.18	53.12	53.74	53.06	0.444 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 53 as stoploss in an intra day buy trade for a target of 53.97. However, stock will show a bearish move below 53.

Share price targets for Nmdc Steel (NSLNISP)

Target Type	Value
Downside Target	51.90
Upside Target	55.50
Upside Target	55.99
Upside Target	56.25
Upside Target	58.25
Upside Target	59.59
Upside Target	62.45
Upside Target	64.20
Upside Target	67.40

Intraday share price targets for Nmdc Steel (NSLNISP)

Target Type	Value
Downside Intraday Target	52.64
Downside Intraday Target	52.19
Upside Intraday Target	53.89
Upside Intraday Target	54.69
Upside Intraday Target	53.44

Weekly technical analysis of Nmdc Steel (NSLNISP)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	53.08	54.25	54.25	53.00	0.176 times
13 Fri Sep 2024	53.51	53.50	54.40	51.91	0.672 times
06 Fri Sep 2024	53.41	53.70	55.50	52.91	1.223 times
30 Fri Aug 2024	53.64	55.14	56.25	53.23	1.136 times
23 Fri Aug 2024	54.75	55.90	55.99	54.59	1.043 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
16 Mon Sep 2024	53.08	53.70	55.50	51.91	0.462 times
30 Fri Aug 2024	53.64	58.60	59.59	53.20	0.516 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

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 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. 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 and SELL signal is strong!

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

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 53.79 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.