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(NSLNISP) Nmdc Steel complete technical analysis [charts+indicators] | Buy/Sell Nmdc Steel | (NSLNISP) share price targets

Complete technical analysis of Nmdc Steel (NSLNISP) by charts plus indicators, forecast predictions and share price targets for Nmdc Steel (NSLNISP)

Showing technical analysis as on 2024-03-18 View latest technical analysis

10 day averaged volume of Nmdc Steel is 14774948

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	54.40	54.50	55.00	53.05	0.731 times
15 Fri Mar 2024	54.40	54.80	55.95	52.60	0.911 times
14 Thu Mar 2024	54.35	52.00	56.40	50.55	2.038 times
13 Wed Mar 2024	51.90	57.95	58.90	51.10	1.793 times
12 Tue Mar 2024	58.95	59.85	60.55	58.05	0.673 times
11 Mon Mar 2024	60.00	61.35	61.35	59.50	0.499 times
07 Thu Mar 2024	61.05	61.05	61.90	60.30	1.022 times
06 Wed Mar 2024	60.50	60.15	60.90	58.40	0.725 times
05 Tue Mar 2024	60.10	61.40	61.85	59.75	0.759 times
04 Mon Mar 2024	61.45	64.00	64.60	61.00	1.356 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 56.5, but if it comes above 56.5, then a intra day buy could be more profitable.
If you take a sell trade below 56.5, then use 56.5 as stoploss and 52.6 as target. However if you take a buy trade in stock , then use 56.5 as stoploss and 59.86 as target.

Share price targets for Nmdc Steel (NSLNISP)

Target Type	Value
Downside Target	39.15
Downside Target	43.60
Downside Target	44.85
Downside Target	46.90
Downside Target	50.55
Downside Target	52.85
Upside Target	55.00
Upside Target	57.00
Upside Target	59.90
Upside Target	61.35
Upside Target	64.00
Upside Target	64.60
Upside Target	66.45
Upside Target	70.90
Upside Target	73.70

Intraday share price targets for Nmdc Steel (NSLNISP)

Target Type	Value
Downside Intraday Target	53.3
Downside Intraday Target	52.2
Upside Intraday Target	55.25
Upside Intraday Target	56.1
Downside Intraday Target	54.15

Weekly technical analysis of Nmdc Steel (NSLNISP)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	54.40	54.50	55.00	53.05	0.124 times
15 Fri Mar 2024	54.40	61.35	61.35	50.55	1.531 times
07 Thu Mar 2024	61.05	64.00	64.60	58.40	0.879 times
02 Sat Mar 2024	63.45	62.60	64.00	57.90	0.933 times
23 Fri Feb 2024	62.70	64.10	66.45	59.90	0.379 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 Nmdc Steel (NSLNISP)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	54.40	61.70	64.60	50.55	0.389 times
29 Thu Feb 2024	61.40	70.00	73.70	57.00	1.198 times
31 Wed Jan 2024	69.65	51.50	70.90	46.90	1.987 times
29 Fri Dec 2023	51.40	44.90	52.85	43.60	1.878 times

Scroll below to view daily charts

Price has moved down 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 Nmdc Steel (NSLNISP)

Price action analysis of Nmdc Steel ( (NSLNISP) ) 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 Nmdc Steel ( (NSLNISP) ) 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 Nmdc Steel ( (NSLNISP) ) based on a mid to longer 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.

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

MACD generated a SELL signal for Nmdc Steel in short term and the sell signal is strong.

Nmdc 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 coming down

CCI has generated a SELL signal for Nmdc Steel in short term and SELL signal is strong!

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 Nmdc 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 56.91 and Nmdc Steel (NSLNISP) 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 Nmdc Steel (NSLNISP) stock. Volume based technical analysis of Nmdc Steel (NSLNISP) stock is negative.

Nmdc 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.