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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 2026-01-13 View latest technical analysis

10 day averaged volume of Newmalayalam Steel is 5760

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Jan 2026	29.00	27.05	29.00	27.00	1.111 times
12 Mon Jan 2026	28.75	28.85	28.85	28.75	0.556 times
09 Fri Jan 2026	29.60	29.70	29.70	29.00	1.111 times
08 Thu Jan 2026	29.60	28.80	29.60	28.80	1.667 times
07 Wed Jan 2026	29.25	30.10	30.10	29.25	0.833 times
06 Tue Jan 2026	30.00	30.05	30.50	29.00	1.667 times
02 Fri Jan 2026	30.05	29.00	30.05	29.00	1.111 times
30 Tue Dec 2025	31.05	31.60	31.60	31.05	0.833 times
29 Mon Dec 2025	30.00	29.50	30.00	29.50	0.556 times
26 Fri Dec 2025	29.00	28.75	29.00	28.60	1.389 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 29.2, but if it comes above 29.2, then a intra day buy could be more profitable.
If you take a sell trade below 29.2, then use 29.2 as stoploss and 27.6 as target. However if you take a buy trade in stock , then use 29.2 as stoploss and 30.47 as target.

Share price targets for Newmalayalam Steel (NMSTEEL_SM)

Target Type	Value
Downside Target	27.00
Downside Target	27.80
Downside Target	28.50
Upside Target	30.05
Upside Target	30.50
Upside Target	31.00
Upside Target	31.20
Upside Target	31.60
Upside Target	34.00
Upside Target	37.00
Upside Target	39.15

Intraday share price targets for Newmalayalam Steel (NMSTEEL_SM)

Target Type	Value
Downside Intraday Target	27.67
Downside Intraday Target	26.33
Upside Intraday Target	29.67
Upside Intraday Target	30.33
Downside Intraday Target	28.33

Weekly technical analysis of Newmalayalam Steel (NMSTEEL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Jan 2026	29.00	28.85	29.00	27.00	0.316 times
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

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 Newmalayalam Steel (NMSTEEL_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
13 Tue Jan 2026	29.00	29.00	30.50	27.00	0.162 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 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 Strong 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 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 moving up

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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Newmalayalam 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 29.63 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.