Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2025-04-08 View latest technical analysis

10 day averaged volume of Newmalayalam Steel is 74080

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Apr 2025	27.90	27.80	27.90	27.80	0.086 times
07 Mon Apr 2025	27.45	26.85	28.35	26.85	0.583 times
04 Fri Apr 2025	28.25	28.25	28.25	28.15	0.886 times
03 Thu Apr 2025	26.95	26.95	26.95	26.95	3.434 times
02 Wed Apr 2025	25.70	25.70	25.70	25.70	0.108 times
01 Tue Apr 2025	24.50	24.45	24.50	24.40	0.302 times
28 Fri Mar 2025	23.35	23.80	23.95	23.35	1.274 times
26 Wed Mar 2025	25.65	26.90	26.90	25.65	0.907 times
25 Tue Mar 2025	27.00	28.30	28.30	27.00	0.886 times
24 Mon Mar 2025	28.40	27.95	28.50	27.95	0.583 times

My analysis of stock is bearish for shortterm, and stock might move down till 25.8 or till 22.3. Use a stoploss of 28.78 and if the stock hits stoploss, then it can shoot up till 31.73

Share price targets for Newmalayalam Steel (NMSTEEL_ST)

Target Type	Value
Downside Target	23.35
Downside Target	24.40
Downside Target	26.85
Downside Target	27.50
Upside Target	28.25
Upside Target	30.30
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	27.05
Downside Intraday Target	26.2
Upside Intraday Target	28.55
Upside Intraday Target	29.2
Downside Intraday Target	27.7

Weekly technical analysis of Newmalayalam Steel (NMSTEEL_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Apr 2025	27.90	26.85	28.35	26.85	0.142 times
04 Fri Apr 2025	28.25	24.45	28.25	24.40	1.296 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

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
08 Tue Apr 2025	27.90	24.45	28.35	24.40	0.342 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 and selling is picking up 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 Newmalayalam 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 26.48 and Newmalayalam Steel (NMSTEEL_ST) 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 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.