Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2026-01-09 View latest technical analysis

10 day averaged volume of Newmalayalam Steel is 6400

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Jan 2026	29.60	29.70	29.70	29.00	1 times
08 Thu Jan 2026	29.60	28.80	29.60	28.80	1.5 times
07 Wed Jan 2026	29.25	30.10	30.10	29.25	0.75 times
06 Tue Jan 2026	30.00	30.05	30.50	29.00	1.5 times
02 Fri Jan 2026	30.05	29.00	30.05	29.00	1 times
30 Tue Dec 2025	31.05	31.60	31.60	31.05	0.75 times
29 Mon Dec 2025	30.00	29.50	30.00	29.50	0.5 times
26 Fri Dec 2025	29.00	28.75	29.00	28.60	1.25 times
24 Wed Dec 2025	31.00	31.00	31.00	31.00	0.25 times
23 Tue Dec 2025	30.75	30.75	30.75	30.75	0.25 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 29.4 as stoploss in an intra day buy trade for a target of 31.02. However, stock will show a bearish move below 29.4.

Share price targets for Newmalayalam Steel (NMSTEEL_SM)

Target Type	Value
Downside Target	27.80
Downside Target	28.50
Upside Target	30.05
Upside Target	31.05
Upside Target	31.20
Upside Target	31.60
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	28.77
Downside Intraday Target	27.93
Upside Intraday Target	30.47
Upside Intraday Target	31.33
Upside Intraday Target	29.63

Weekly technical analysis of Newmalayalam Steel (NMSTEEL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Jan 2026	29.60	30.05	30.50	28.80	2.111 times
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

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

Monthly technical analysis of Newmalayalam Steel (NMSTEEL_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Fri Jan 2026	29.60	29.00	30.50	28.80	0.128 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 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 short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 neutral. A longer time frame might give a better analysis.

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

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

Newmalayalam Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 buy signal for Newmalayalam Steel in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 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 29.82 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 negative.

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