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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 2024-03-20 View latest technical analysis

10 day averaged volume of Nmdc Steel is 15436938

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	54.40	54.60	55.00	52.85	1.033 times
19 Tue Mar 2024	54.25	54.50	56.95	53.85	1.241 times
18 Mon Mar 2024	54.40	54.50	55.00	53.05	0.7 times
15 Fri Mar 2024	54.40	54.80	55.95	52.60	0.872 times
14 Thu Mar 2024	54.35	52.00	56.40	50.55	1.951 times
13 Wed Mar 2024	51.90	57.95	58.90	51.10	1.716 times
12 Tue Mar 2024	58.95	59.85	60.55	58.05	0.644 times
11 Mon Mar 2024	60.00	61.35	61.35	59.50	0.478 times
07 Thu Mar 2024	61.05	61.05	61.90	60.30	0.978 times
06 Wed Mar 2024	60.50	60.15	60.90	58.40	0.694 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 55.5, but if it comes above 55.5, then a intra day buy could be more profitable.
If you take a sell trade below 55.5, then use 55.5 as stoploss and 51.2 as target. However if you take a buy trade in stock , then use 55.5 as stoploss and 59.07 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	56.95
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	52.52
Downside Intraday Target	50.63
Upside Intraday Target	56.62
Upside Intraday Target	58.83
Upside Intraday Target	54.73

Weekly technical analysis of Nmdc Steel (NSLNISP)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	54.40	54.50	56.95	52.85	0.525 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
20 Wed Mar 2024	54.40	61.70	64.60	50.55	0.467 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 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 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 gaining momentum.

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

Nmdc 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 SELL signal for Nmdc Steel in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 55.54 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.