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Stock analysis Nmdc Steel Limited NSLNISP

More indepth analysis on MunafaSutra.com

Moving Averages for Nmdc Steel Limited

  • 5Day Average: 44.11
  • 12Day Average: 46.35
  • 20Day Average: 46.13
  • 50Day Average: 49.29
  • 100Day Average: 52.61
  • 150Day Average: 55.53
  • 200Day Average: 56.82

NSLNISP Indicators & signals

Indicator MACD (12,26,9)

45.64, 46.98, -1.18
Indicator MACD is in negative zone

Indicator ADX (14)

37.84, 14.2, 31.48
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 45
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
21 Thu Nov 2024 44.79 43.85 to 45.17 1.75% 1.9 times
19 Tue Nov 2024 44.02 43.90 to 44.92 0.11% 0.57 times
18 Mon Nov 2024 43.97 43.06 to 44.89 0.25% 1.09 times
14 Thu Nov 2024 43.86 43.58 to 44.68 -0.14% 0.82 times
13 Wed Nov 2024 43.92 43.60 to 45.09 -4.83% 1.68 times
12 Tue Nov 2024 46.15 46.00 to 47.65 -1.7% 0.63 times
11 Mon Nov 2024 46.95 46.60 to 47.84 -2% 0.64 times
08 Fri Nov 2024 47.91 47.57 to 50.05 -4.33% 1.07 times
07 Thu Nov 2024 50.08 49.26 to 50.39 0.91% 1.2 times
06 Wed Nov 2024 49.63 47.80 to 49.92 3.57% 1.25 times
05 Tue Nov 2024 47.92 46.80 to 48.34 2.02% 1.04 times
04 Mon Nov 2024 46.97 46.75 to 48.50 -2.61% 0.56 times

Technical analysis forecast for Nmdc Steel Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Nmdc Steel Limited NSLNISP at this time. Stock is falling and might fall more.

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

Stock of Nmdc Steel Limited (NSLNISP) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Nmdc Steel Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 44.5 as stoploss in an intra day buy trade for a target of 46.45. However, stock will show a bearish move below 44.5.

More indepth analysis on MunafaSutra.com