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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 2025-05-16 View latest technical analysis

10 day averaged volume of Newmalayalam Steel is 8640

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri May 2025	31.35	31.60	31.85	30.00	3.889 times
15 Thu May 2025	31.50	30.55	31.50	30.55	0.37 times
14 Wed May 2025	31.50	31.50	31.50	31.50	0.185 times
13 Tue May 2025	31.65	31.00	31.65	31.00	0.37 times
12 Mon May 2025	30.20	31.00	31.15	29.95	3.148 times
08 Thu May 2025	29.70	29.70	29.70	29.70	1.111 times
07 Wed May 2025	29.15	28.05	29.15	28.05	1.296 times
06 Tue May 2025	28.60	28.60	28.60	28.60	1.481 times
05 Mon May 2025	28.05	28.05	28.05	28.05	0.556 times
02 Fri May 2025	27.50	28.40	28.40	27.50	0.741 times

Stock of Newmalayalam Steel (NMSTEEL_ST) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 30.6, but if it comes below 30.6, then a intra day sell could be more profitable.
If you take a sell trade below 30.6, then use 30.6 as stoploss and 29.36 as target. However if you take a buy trade in stock , then use 30.6 as stoploss and 32.1 as target.

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	29.55
Downside Target	30.65
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	30.25
Downside Intraday Target	29.15
Upside Intraday Target	32.15
Upside Intraday Target	32.95
Downside Intraday Target	31.05

Weekly technical analysis of Newmalayalam Steel (NMSTEEL_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
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
17 Thu Apr 2025	28.60	27.80	28.80	27.80	0.722 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Newmalayalam Steel (NMSTEEL_ST)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Fri May 2025	31.35	28.40	31.85	27.50	0.191 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 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 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 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 Weak 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 tired and bears are picking up momentum.

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

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

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 30.07 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 positive

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