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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)

10 day averaged volume of Nmdc Steel is 11144575

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 65.20 62.30 65.50 62.25 1.674 times
16 Thu May 2024 62.30 63.10 63.50 61.35 0.742 times
15 Wed May 2024 62.55 62.95 63.75 62.20 0.691 times
14 Tue May 2024 62.55 61.35 63.20 61.20 0.81 times
13 Mon May 2024 61.05 60.90 61.50 58.65 0.812 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 66.1 as stoploss in an intra day sell trade for a target of 63.88. However, stock will show a bullish move above 66.1.

Share price targets for Nmdc Steel (NSLNISP)

Target Type Value
Downside Target 46.90
Downside Target 50.55
Downside Target 55.15
Downside Target 57.00
Downside Target 58.25
Downside Target 59.90
Downside Target 63.15
Upside Target 66.85
Upside Target 67.15
Upside Target 67.70
Upside Target 68.95
Upside Target 70.90
Upside Target 73.70

Intraday share price targets for Nmdc Steel (NSLNISP)

Target Type Value
Downside Intraday Target 60.73
Downside Intraday Target 56.27
Upside Intraday Target 67.58
Upside Intraday Target 69.97
Downside Intraday Target 63.12

Weekly technical analysis of Nmdc Steel (NSLNISP)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 65.20 60.90 65.50 58.65 0.897 times
10 Fri May 2024 60.60 66.80 66.85 58.25 0.93 times
03 Fri May 2024 66.50 67.00 67.70 63.75 0.374 times
26 Fri Apr 2024 66.35 63.65 68.95 63.15 1.025 times
19 Fri Apr 2024 62.55 60.25 65.25 59.90 1.227 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
17 Fri May 2024 65.20 64.50 67.15 58.25 0.252 times
30 Tue Apr 2024 64.50 55.15 68.95 55.15 2.238 times
28 Thu Mar 2024 54.70 61.70 64.60 50.55 0.564 times
29 Thu Feb 2024 61.40 70.00 73.70 57.00 1.198 times

Price has moved up 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)

Indicator Name Indicator Value Indicator Signal
ADX 23, 20, 9 Buy
MACD 1, 1Sell
Stochastics 58None
CCI 127Buy
RSI 55Buy
OBV 90108670Sell
VWAP 62Buy
ADL 0Sell
ROC -2Sell
Force Index 0Sell

Price action analysis of Nmdc Steel ( (NSLNISP) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Nmdc Steel ( (NSLNISP) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Nmdc Steel stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Nmdc Steel in short term but the sell 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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Nmdc Steel in short term and BUY 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

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 62.46 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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