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Technicals for NMDC Limited
By MusingTheNews
2025-05-30 20:49
Overall Technical outlook
Price Summary
On 2025-05-30, NMDC Limited's shares started at 72.48, peaked at 72.73, bottomed out at 70.11, and ended -1.81% down at 71.17, with 34572056 shares traded. Over the previous 52 weeks, the stock reached a high of 273.25 and a low of 60.0. 17 analysts estimate that the future price of NMDC will fall between 55.0 and 94.0, with an average price expectation of approximately 72.94118.
Technicals
Support and Resistance: The price for NMDC is 71.17, with support at 70.26 and resistance at 81.32. This suggests a range where 70.26 acts as a base, preventing declines, and 81.32 caps gains, defining key trading levels. Support/Resistance for NMDC
Aroon: The current state of the AROON is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Aroon chart for NMDC Limited
Bol. Bands: The BOLL BANDS is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Bolinger Bands chart for NMDC Limited
Parabolic SAR: The PSAR has just moved from a bullish to a bearish stance, indicating a possible market downturn. If this shift is corroborated by other trends, it could be a very bearish signal. Investors should be cautious and look for additional confirmation before acting. Parabolic Stop and Reverse chart for NMDC Limited
Stochastic: The STOCHASTIC is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Stochastic chart for NMDC Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages for NMDC are aligned in a bearish pattern, suggesting a downtrend. However, the wavering slopes of the 20 and 50 SMAs indicate that the bearish momentum may be losing strength. This could be a sign that a bullish reversal is on the horizon, as the market's current downward trajectory begins to falter, potentially paving the way for a new uptrend. Tripple SMA chart for NMDC Limited
To derive valuable insights from a company's technical performance, it is essential to first understand its fundamentals. This includes its financial health, business model, and market share. Equally important is the industry context, such as competition, consumer demand, and market trends. By examining these aspects together, investors can gain a more comprehensive view of how the company's stock behaves and whether it's aligned with its underlying value.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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