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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 2024-04-10 View latest technical analysis

10 day averaged volume of Nmdc Steel is 11733397

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	65.85	61.00	66.45	60.90	6.112 times
09 Tue Apr 2024	60.75	61.60	62.15	60.25	0.891 times
08 Mon Apr 2024	61.35	62.15	63.30	60.90	0.729 times
05 Fri Apr 2024	61.85	61.80	62.90	61.00	0.679 times
04 Thu Apr 2024	61.80	62.35	62.90	60.90	0.712 times
03 Wed Apr 2024	62.00	62.00	63.50	61.50	1.113 times
02 Tue Apr 2024	62.05	60.85	63.00	59.45	1.7 times
01 Mon Apr 2024	60.95	55.15	61.90	55.15	2.033 times
28 Thu Mar 2024	54.70	55.20	56.20	54.40	0.603 times
27 Wed Mar 2024	54.80	56.40	57.30	54.50	0.774 times

Stock of Nmdc Steel (NSLNISP) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 66.2, for a target of 61.6 or 57.84

Share price targets for Nmdc Steel (NSLNISP)

Target Type	Value
Downside Target	43.60
Downside Target	46.90
Downside Target	50.55
Downside Target	52.85
Downside Target	54.40
Downside Target	56.95
Downside Target	60.25
Downside Target	63.50
Downside 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	61.92
Downside Intraday Target	57.98
Upside Intraday Target	68.12
Upside Intraday Target	70.38
Downside Intraday Target	64.18

Weekly technical analysis of Nmdc Steel (NSLNISP)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	65.85	62.15	66.45	60.25	1.24 times
05 Fri Apr 2024	61.85	55.15	63.50	55.15	2.911 times
28 Thu Mar 2024	54.70	56.40	57.30	54.40	0.389 times
22 Fri Mar 2024	56.40	54.50	56.95	52.85	0.739 times
15 Fri Mar 2024	54.40	61.35	61.35	50.55	1.531 times

Price has moved up 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
10 Wed Apr 2024	65.85	55.15	66.45	55.15	0.642 times
28 Thu Mar 2024	54.70	61.70	64.60	50.55	0.564 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

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 Nmdc Steel (NSLNISP)

Price action analysis of Nmdc Steel ( (NSLNISP) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Nmdc Steel ( (NSLNISP) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Nmdc Steel ( (NSLNISP) ) 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Nmdc Steel in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Nmdc 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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Nmdc Steel in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Nmdc 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 62.63 and Nmdc Steel (NSLNISP) 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 Nmdc Steel (NSLNISP) stock. Volume based technical analysis of Nmdc Steel (NSLNISP) stock is negative.

Nmdc 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.