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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 2026-02-02 View latest technical analysis

10 day averaged volume of Newmalayalam Steel is 6240

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Feb 2026	25.05	25.20	25.20	24.80	1.795 times
30 Fri Jan 2026	26.00	25.00	26.00	25.00	1.538 times
29 Thu Jan 2026	25.00	24.55	25.00	24.55	0.769 times
28 Wed Jan 2026	26.85	26.85	26.85	26.85	0.256 times
27 Tue Jan 2026	26.30	26.30	26.30	26.30	0.256 times
23 Fri Jan 2026	26.30	27.90	27.95	26.30	1.026 times
22 Thu Jan 2026	26.00	25.05	26.00	25.05	0.513 times
21 Wed Jan 2026	25.75	25.75	25.90	25.75	1.026 times
20 Tue Jan 2026	25.85	27.30	27.30	25.80	1.538 times
19 Mon Jan 2026	27.25	25.50	28.40	25.50	2.051 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 25.9, but if it comes above 25.9, then a intra day buy could be more profitable.
If you take a sell trade below 25.9, then use 25.9 as stoploss and 23.6 as target. However if you take a buy trade in stock , then use 25.9 as stoploss and 27.83 as target.

Share price targets for Newmalayalam Steel (NMSTEEL_SM)

Target Type	Value
Downside Target	24.55
Upside Target	26.85
Upside Target	27.80
Upside Target	28.40
Upside Target	28.60
Upside Target	28.80
Upside Target	29.00
Upside Target	30.50
Upside Target	34.00
Upside Target	37.00

Intraday share price targets for Newmalayalam Steel (NMSTEEL_SM)

Target Type	Value
Downside Intraday Target	24.83
Downside Intraday Target	24.62
Upside Intraday Target	25.23
Upside Intraday Target	25.42
Downside Intraday Target	25.02

Weekly technical analysis of Newmalayalam Steel (NMSTEEL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Feb 2026	25.05	25.20	25.20	24.80	0.636 times
30 Fri Jan 2026	26.00	26.30	26.85	24.55	0.458 times
23 Fri Jan 2026	26.30	25.50	28.40	25.05	4 times
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

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
02 Mon Feb 2026	25.05	25.20	25.20	24.80	0.109 times
30 Fri Jan 2026	26.00	29.00	30.50	24.55	0.358 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

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

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 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 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 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 26.02 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.