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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 2025-04-21 View latest technical analysis

10 day averaged volume of Newmalayalam Steel is 42720

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Apr 2025	28.50	28.70	28.70	28.50	0.337 times
17 Thu Apr 2025	28.60	28.60	28.60	28.30	0.3 times
16 Wed Apr 2025	28.60	28.80	28.80	28.40	0.337 times
15 Tue Apr 2025	28.35	27.80	28.35	27.80	0.337 times
11 Fri Apr 2025	27.80	28.30	28.30	27.80	0.112 times
09 Wed Apr 2025	28.35	28.30	28.35	28.30	0.075 times
08 Tue Apr 2025	27.90	27.80	27.90	27.80	0.15 times
07 Mon Apr 2025	27.45	26.85	28.35	26.85	1.011 times
04 Fri Apr 2025	28.25	28.25	28.25	28.15	1.536 times
03 Thu Apr 2025	26.95	26.95	26.95	26.95	5.955 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 29.1 as stoploss in an intra day sell trade for a target of 27.53. However, stock will show a bullish move above 29.1.

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	27.80
Upside Target	28.80
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	28.43
Downside Intraday Target	28.37
Upside Intraday Target	28.63
Upside Intraday Target	28.77
Upside Intraday Target	28.57

Weekly technical analysis of Newmalayalam Steel (NMSTEEL_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Apr 2025	28.50	28.70	28.70	28.50	0.346 times
17 Thu Apr 2025	28.60	27.80	28.80	27.80	0.722 times
11 Fri Apr 2025	27.80	26.85	28.35	26.85	0.164 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

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
21 Mon Apr 2025	28.50	24.45	28.80	24.40	0.396 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 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 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 Weak 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

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

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 27.43 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 rising upwards.

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 negative.

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