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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)

Showing technical analysis as on 2025-04-02 View latest technical analysis

10 day averaged volume of Newmalayalam Steel is 77920

Date	Daily Closing Price	Open	High	Low	Volume
02 Wed Apr 2025	25.70	25.70	25.70	25.70	0.103 times
01 Tue Apr 2025	24.50	24.45	24.50	24.40	0.287 times
28 Fri Mar 2025	23.35	23.80	23.95	23.35	1.211 times
26 Wed Mar 2025	25.65	26.90	26.90	25.65	0.862 times
25 Tue Mar 2025	27.00	28.30	28.30	27.00	0.842 times
24 Mon Mar 2025	28.40	27.95	28.50	27.95	0.554 times
21 Fri Mar 2025	27.95	28.20	28.60	27.50	0.986 times
20 Thu Mar 2025	28.40	27.75	29.35	27.60	0.616 times
19 Wed Mar 2025	29.00	29.95	30.50	29.00	1.889 times
18 Tue Mar 2025	29.95	30.50	30.50	29.55	0.226 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 26.6, but if it comes above 26.6, then a intra day buy could be more profitable.
If you take a sell trade below 26.6, then use 26.6 as stoploss and 22.5 as target. However if you take a buy trade in stock , then use 26.6 as stoploss and 29.91 as target.

Share price targets for Newmalayalam Steel (NMSTEEL_ST)

Target Type	Value
Downside Target	23.35
Downside Target	24.40
Downside Target	25.70
Upside Target	27.50
Upside Target	28.50
Upside Target	30.30
Upside Target	30.95
Upside Target	32.05
Upside Target	34.05
Upside Target	35.25
Upside Target	46.55
Upside Target	49.20
Upside Target	73.35
Upside Target	77.20
Upside Target	90.00

Intraday share price targets for Newmalayalam Steel (NMSTEEL_ST)

Target Type	Value
Downside Intraday Target	24.83
Downside Intraday Target	23.97
Upside Intraday Target	26.13
Upside Intraday Target	26.57
Downside Intraday Target	25.27

Weekly technical analysis of Newmalayalam Steel (NMSTEEL_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Wed Apr 2025	25.70	24.45	25.70	24.40	0.112 times
28 Fri Mar 2025	23.35	27.95	28.50	23.35	0.556 times
21 Fri Mar 2025	27.95	31.50	32.05	27.50	2.598 times
13 Thu Mar 2025	31.60	34.00	34.50	30.30	0.824 times
07 Fri Mar 2025	34.90	33.85	35.25	30.95	4.897 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 Newmalayalam Steel (NMSTEEL_ST)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Wed Apr 2025	25.70	24.45	25.70	24.40	0.026 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
31 Fri Jan 2025	49.95	73.35	73.35	46.55	4.339 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 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 Newmalayalam Steel ( (NMSTEEL_ST) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Newmalayalam Steel stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Newmalayalam 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.

Newmalayalam 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 moving up

CCI has generated a buy signal for Newmalayalam Steel in short term but BUY signal is weak.

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

MRSI is in positive zone. This is a BUY 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 27.08 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 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.