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

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

Showing technical analysis as on 2026-01-02 View latest technical analysis

10 day averaged volume of Newmalayalam Steel is 5920

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Jan 2026	30.05	29.00	30.05	29.00	1.081 times
30 Tue Dec 2025	31.05	31.60	31.60	31.05	0.811 times
29 Mon Dec 2025	30.00	29.50	30.00	29.50	0.541 times
26 Fri Dec 2025	29.00	28.75	29.00	28.60	1.351 times
24 Wed Dec 2025	31.00	31.00	31.00	31.00	0.27 times
23 Tue Dec 2025	30.75	30.75	30.75	30.75	0.27 times
22 Mon Dec 2025	30.25	30.00	30.25	29.60	2.432 times
19 Fri Dec 2025	30.10	30.10	30.10	30.10	0.27 times
18 Thu Dec 2025	30.30	30.30	30.50	30.05	0.811 times
17 Wed Dec 2025	30.85	30.85	30.85	30.85	0.27 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 30 as stoploss in an intra day buy trade for a target of 32.1. However, stock will show a bearish move below 30.

Share price targets for Newmalayalam Steel (NMSTEEL_SM)

Target Type	Value
Downside Target	27.80
Downside Target	28.50
Downside Target	30.05
Upside Target	31.00
Upside Target	31.60
Upside Target	33.00
Upside Target	34.00
Upside Target	34.80
Upside Target	37.00
Upside Target	39.15

Intraday share price targets for Newmalayalam Steel (NMSTEEL_SM)

Target Type	Value
Downside Intraday Target	28.83
Downside Intraday Target	27.62
Upside Intraday Target	31.43
Upside Intraday Target	32.82
Upside Intraday Target	30.22

Weekly technical analysis of Newmalayalam Steel (NMSTEEL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Jan 2026	30.05	29.50	31.60	29.00	0.563 times
26 Fri Dec 2025	29.00	30.00	31.00	28.60	1 times
19 Fri Dec 2025	30.10	31.20	31.20	30.05	0.8 times
11 Thu Dec 2025	32.25	31.95	34.80	31.05	0.164 times
05 Fri Dec 2025	34.15	33.80	37.00	33.00	1.402 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 Newmalayalam Steel (NMSTEEL_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Fri Jan 2026	30.05	29.00	30.05	29.00	0.022 times
30 Tue Dec 2025	31.05	33.80	37.00	28.60	1.388 times
28 Fri Nov 2025	33.60	32.40	34.00	28.50	1.554 times
31 Fri Oct 2025	32.40	31.95	34.00	27.80	0.405 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 Newmalayalam Steel (NMSTEEL_SM)

Price action analysis of Newmalayalam Steel ( (NMSTEEL_SM) ) 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_SM) ) 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_SM) ) 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_SM) ) 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 SELL signal for Newmalayalam Steel in short term and the sell signal is strong.

Newmalayalam 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. Bulls are getting stronger in this stock.

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 Newmalayalam 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 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 30.14 and Newmalayalam Steel (NMSTEEL_SM) 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 Newmalayalam Steel (NMSTEEL_SM) stock. Volume based technical analysis of Newmalayalam Steel (NMSTEEL_SM) stock is negative.

Newmalayalam Steel Stock has given negative 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.