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

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

Showing technical analysis as on 2025-07-24 View latest technical analysis

10 day averaged volume of Newmalayalam Steel is 6240

Date	Daily Closing Price	Open	High	Low	Volume
24 Thu Jul 2025	28.20	28.45	28.45	28.20	1.282 times
23 Wed Jul 2025	29.25	30.45	30.45	29.25	0.513 times
22 Tue Jul 2025	29.80	28.40	30.00	28.40	3.077 times
21 Mon Jul 2025	29.10	29.20	29.20	29.10	1.026 times
18 Fri Jul 2025	29.00	29.00	29.00	29.00	0.513 times
17 Thu Jul 2025	29.00	30.05	30.05	29.00	1.282 times
16 Wed Jul 2025	29.55	29.55	29.55	29.55	1.026 times
15 Tue Jul 2025	29.00	29.00	29.00	29.00	0.769 times
14 Mon Jul 2025	28.45	29.00	29.00	28.45	1.026 times
11 Fri Jul 2025	28.45	28.45	28.45	28.45	0.513 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 28.3, but if it comes above 28.3, then a intra day buy could be more profitable.
If you take a sell trade below 28.3, then use 28.3 as stoploss and 27.7 as target. However if you take a buy trade in stock , then use 28.3 as stoploss and 28.74 as target.

Share price targets for Newmalayalam Steel (NMSTEEL_ST)

Target Type	Value
Downside Target	23.35
Downside Target	24.40
Downside Target	26.25
Downside Target	27.50
Downside Target	28.10
Upside Target	29.65
Upside Target	30.05
Upside Target	30.45
Upside Target	30.65
Upside Target	31.85
Upside Target	33.85
Upside Target	35.25

Intraday share price targets for Newmalayalam Steel (NMSTEEL_ST)

Target Type	Value
Downside Intraday Target	27.45
Downside Intraday Target	26.7
Upside Intraday Target	29.7
Upside Intraday Target	31.2
Upside Intraday Target	28.95

Weekly technical analysis of Newmalayalam Steel (NMSTEEL_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Thu Jul 2025	28.20	29.20	30.45	28.20	1.278 times
18 Fri Jul 2025	29.00	29.00	30.05	28.45	1.286 times
11 Fri Jul 2025	28.45	27.95	28.95	27.50	1 times
04 Fri Jul 2025	28.50	28.10	28.70	28.10	0.636 times
27 Fri Jun 2025	28.65	29.10	29.65	28.25	2.2 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_ST)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Thu Jul 2025	28.20	28.65	30.45	27.50	0.29 times
30 Mon Jun 2025	28.10	27.80	33.85	26.25	1.456 times
30 Fri May 2025	28.85	28.40	31.85	27.50	0.401 times
30 Wed Apr 2025	27.85	24.45	30.65	24.40	0.508 times

Scroll below to view daily charts

Price has moved up 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_ST)

Price action analysis of Newmalayalam Steel ( (NMSTEEL_ST) ) 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_ST) ) based on a short to mid 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_ST) ) 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 BUY signal for Newmalayalam Steel in short term but the buy signal is initial and weak.

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. 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 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 29.13 and Newmalayalam Steel (NMSTEEL_ST) 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_ST) stock. Volume based technical analysis of Newmalayalam Steel (NMSTEEL_ST) 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.