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(NMSTEEL_ST) Newmalayalam Steel complete technical analysis [charts+indicators] | Buy/Sell Newmalayalam Steel | (NMSTEEL_ST) share price targets

Complete technical analysis of Newmalayalam Steel (NMSTEEL_ST) by charts plus indicators, forecast predictions and share price targets for Newmalayalam Steel (NMSTEEL_ST)

10 day averaged volume of Newmalayalam Steel is 12000

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue May 2025	29.50	30.05	30.05	29.50	1.467 times
19 Mon May 2025	31.05	31.50	31.50	31.05	1.067 times
16 Fri May 2025	31.35	31.60	31.85	30.00	2.8 times
15 Thu May 2025	31.50	30.55	31.50	30.55	0.267 times
14 Wed May 2025	31.50	31.50	31.50	31.50	0.133 times
13 Tue May 2025	31.65	31.00	31.65	31.00	0.267 times
12 Mon May 2025	30.20	31.00	31.15	29.95	2.267 times
08 Thu May 2025	29.70	29.70	29.70	29.70	0.8 times
07 Wed May 2025	29.15	28.05	29.15	28.05	0.933 times
06 Tue May 2025	28.60	28.60	28.60	28.60	1.067 times

My analysis of stock is bearish for shortterm, and stock might move down till 28.3 or till 26.7. Use a stoploss of 29.54 and if the stock hits stoploss, then it can shoot up till 30.82

Share price targets for Newmalayalam Steel (NMSTEEL_ST)

Target Type	Value
Downside Target	23.35
Downside Target	24.40
Downside Target	27.50
Downside Target	28.05
Downside Target	29.50
Upside Target	30.65
Upside Target	31.50
Upside Target	31.85
Upside Target	34.05
Upside Target	35.25
Upside Target	46.55
Upside Target	49.20
Upside Target	73.35

Intraday share price targets for Newmalayalam Steel (NMSTEEL_ST)

Target Type	Value
Downside Intraday Target	28.83
Downside Intraday Target	28.17
Upside Intraday Target	30.83
Upside Intraday Target	32.17
Upside Intraday Target	30.17

Weekly technical analysis of Newmalayalam Steel (NMSTEEL_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue May 2025	29.50	31.50	31.50	29.50	0.442 times
16 Fri May 2025	31.35	31.00	31.85	29.95	1.792 times
08 Thu May 2025	29.70	28.05	29.70	28.05	1.412 times
02 Fri May 2025	27.50	29.55	29.55	27.50	0.218 times
25 Fri Apr 2025	29.55	28.70	30.65	28.50	3 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 Newmalayalam Steel (NMSTEEL_ST)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Tue May 2025	29.50	28.40	31.85	27.50	0.242 times
30 Wed Apr 2025	27.85	24.45	30.65	24.40	0.508 times
28 Fri Mar 2025	23.35	33.85	35.25	23.35	3 times
28 Fri Feb 2025	35.50	49.20	49.20	34.05	0.199 times

Scroll below to view daily charts

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 Newmalayalam Steel (NMSTEEL_ST)

Price action analysis of Newmalayalam Steel ( (NMSTEEL_ST) ) 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 Newmalayalam Steel ( (NMSTEEL_ST) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Newmalayalam Steel ( (NMSTEEL_ST) ) based on a short to mid 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 Newmalayalam Steel ( (NMSTEEL_ST) ) 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 Newmalayalam Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Newmalayalam 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

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

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Newmalayalam 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 30.28 and Newmalayalam Steel (NMSTEEL_ST) 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 Newmalayalam Steel (NMSTEEL_ST) stock. Volume based technical analysis of Newmalayalam Steel (NMSTEEL_ST) stock is negative.

Newmalayalam Steel Stock is giving positive 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.