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 2026-02-03 View latest technical analysis

10 day averaged volume of Newmalayalam Steel is 6720

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Feb 2026	25.80	25.70	25.80	25.70	0.952 times
02 Mon Feb 2026	25.05	25.20	25.20	24.80	1.667 times
30 Fri Jan 2026	26.00	25.00	26.00	25.00	1.429 times
29 Thu Jan 2026	25.00	24.55	25.00	24.55	0.714 times
28 Wed Jan 2026	26.85	26.85	26.85	26.85	0.238 times
27 Tue Jan 2026	26.30	26.30	26.30	26.30	0.238 times
23 Fri Jan 2026	26.30	27.90	27.95	26.30	0.952 times
22 Thu Jan 2026	26.00	25.05	26.00	25.05	0.476 times
21 Wed Jan 2026	25.75	25.75	25.90	25.75	0.952 times
20 Tue Jan 2026	25.85	27.30	27.30	25.80	1.429 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 25.7 as stoploss in an intra day buy trade for a target of 27.67. However, stock will show a bearish move below 25.7.

Share price targets for Newmalayalam Steel (NMSTEEL_SM)

Target Type	Value
Downside Target	24.55
Downside Target	25.80
Upside Target	26.85
Upside Target	27.80
Upside Target	28.40
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	25.13
Downside Intraday Target	24.47
Upside Intraday Target	26.13
Upside Intraday Target	26.47
Downside Intraday Target	25.47

Weekly technical analysis of Newmalayalam Steel (NMSTEEL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Feb 2026	25.80	25.20	25.80	24.80	1 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
03 Tue Feb 2026	25.80	25.20	25.80	24.80	0.172 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing momentum.

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

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

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 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 25.74 and Newmalayalam Steel (NMSTEEL_SM) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.