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Stock analysis Nmdc Steel Limited NSLNISP

More indepth analysis on MunafaSutra.com

Moving Averages for Nmdc Steel Limited

  • 5Day Average: 58.67
  • 12Day Average: 57.86
  • 20Day Average: 58.12
  • 50Day Average: 60.29
  • 100Day Average: 60.64
  • 150Day Average: 58.62
  • 200Day Average: 55.36

NSLNISP Indicators & signals

Indicator MACD (12,26,9)

58.42, 58.76, -0.76
Indicator MACD is in negative zone

Indicator ADX (14)

10.64, 26.8, 21.65
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of NSLNISP Nmdc Steel Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
12 Fri Jul 2024 60.05 59.80 to 62.45 -0.32% 2.71 times
11 Thu Jul 2024 60.24 57.74 to 61.50 4.51% 4.48 times
10 Wed Jul 2024 57.64 55.41 to 58.19 -0.26% 1.28 times
09 Tue Jul 2024 57.79 57.31 to 58.04 0.3% 0.39 times
08 Mon Jul 2024 57.62 57.33 to 58.65 0.28% 0.73 times
05 Fri Jul 2024 57.46 57.17 to 57.90 -0.74% 0.59 times
04 Thu Jul 2024 57.89 57.55 to 58.62 0.33% 0.6 times
03 Wed Jul 2024 57.70 56.87 to 58.00 1.16% 0.47 times
02 Tue Jul 2024 57.04 56.80 to 58.25 -1.08% 0.46 times
01 Mon Jul 2024 57.66 56.84 to 57.98 1.69% 0.53 times
28 Fri Jun 2024 56.70 56.37 to 57.65 0.41% 0.45 times
27 Thu Jun 2024 56.47 56.21 to 58.05 -1.22% 0.56 times

Technical analysis forecast of Nmdc Steel Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Nmdc Steel Limited NSLNISP at this time. Stock is rising and might rise more.

It appears as if Nmdc Steel Limited NSLNISP gave a large move recently.

Stock of Nmdc Steel Limited (NSLNISP) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Nmdc Steel Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Nmdc Steel Limited stays above 59.6, but if it comes below 59.6, then a intra day sell could be more profitable.
If you take a sell trade below 59.6, then use 59.6 as stoploss and 58.53 as target. However if you take a buy trade in Nmdc Steel Limited, then use 59.6 as stoploss and 60.9 as target.

More indepth analysis on MunafaSutra.com