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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 2024-10-23 View latest technical analysis

10 day averaged volume of Nmdc Steel is 3200821

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	44.94	45.00	45.76	43.52	2.143 times
22 Tue Oct 2024	45.00	48.00	48.20	44.60	2.6 times
21 Mon Oct 2024	48.00	49.55	49.88	47.55	0.975 times
18 Fri Oct 2024	49.36	49.82	49.82	48.87	0.989 times
17 Thu Oct 2024	49.83	50.27	50.60	49.65	0.775 times
16 Wed Oct 2024	50.23	50.40	50.70	50.10	0.638 times
15 Tue Oct 2024	50.50	51.01	51.09	50.40	0.691 times
14 Mon Oct 2024	50.86	51.43	51.92	50.77	0.639 times
11 Fri Oct 2024	51.37	50.90	51.65	50.75	0.85 times
10 Thu Oct 2024	50.91	50.95	51.70	50.69	1.031 times

Stock of Nmdc Steel (NSLNISP) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 45.5, for a target of 48.3 or 50.6

Share price targets for Nmdc Steel (NSLNISP)

Target Type	Value
Downside Target	43.52
Upside Target	48.87
Upside Target	53.20
Upside Target	53.75
Upside Target	54.34
Upside Target	54.87
Upside Target	55.21
Upside Target	55.50
Upside Target	59.59
Upside Target	62.45
Upside Target	64.20

Intraday share price targets for Nmdc Steel (NSLNISP)

Target Type	Value
Downside Intraday Target	42.35
Downside Intraday Target	39.75
Upside Intraday Target	48.71
Upside Intraday Target	52.47
Upside Intraday Target	46.11

Weekly technical analysis of Nmdc Steel (NSLNISP)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	44.94	49.55	49.88	43.52	1.532 times
18 Fri Oct 2024	49.36	51.43	51.92	48.87	0.633 times
11 Fri Oct 2024	51.37	51.68	52.09	49.75	0.541 times
04 Fri Oct 2024	51.69	53.45	55.21	51.18	0.958 times
27 Fri Sep 2024	52.84	50.61	53.75	50.61	2.144 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Nmdc Steel (NSLNISP)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	44.94	54.00	54.87	43.52	0.568 times
30 Mon Sep 2024	53.95	53.70	55.50	49.90	1.16 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

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 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.

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 coming down

CCI has generated a SELL signal for Nmdc Steel in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 47.93 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.