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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 2025-04-03 View latest technical analysis

10 day averaged volume of Newmalayalam Steel is 59040

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Apr 2025	26.95	26.95	26.95	26.95	4.309 times
02 Wed Apr 2025	25.70	25.70	25.70	25.70	0.136 times
01 Tue Apr 2025	24.50	24.45	24.50	24.40	0.379 times
28 Fri Mar 2025	23.35	23.80	23.95	23.35	1.599 times
26 Wed Mar 2025	25.65	26.90	26.90	25.65	1.138 times
25 Tue Mar 2025	27.00	28.30	28.30	27.00	1.111 times
24 Mon Mar 2025	28.40	27.95	28.50	27.95	0.732 times
21 Fri Mar 2025	27.95	28.20	28.60	27.50	1.301 times
20 Thu Mar 2025	28.40	27.75	29.35	27.60	0.813 times
19 Wed Mar 2025	29.00	29.95	30.50	29.00	2.493 times

Stock of Newmalayalam Steel (NMSTEEL_ST) has showed a significant upmove. This could be a good time to enter in this stock!

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 26.3 as stoploss in an intra day buy trade for a target of 29.57. However, stock will show a bearish move below 26.3.

Share price targets for Newmalayalam Steel (NMSTEEL_ST)

Target Type	Value
Downside Target	23.35
Downside Target	24.40
Downside Target	26.95
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	25.25
Downside Intraday Target	23.55
Upside Intraday Target	27.8
Upside Intraday Target	28.65
Downside Intraday Target	26.1

Weekly technical analysis of Newmalayalam Steel (NMSTEEL_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Apr 2025	26.95	24.45	26.95	24.40	1.053 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
03 Thu Apr 2025	26.95	24.45	26.95	24.40	0.243 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 moving up

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

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 26.98 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.