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Technicals for NMDC Steel Limited
By MusingTheNews
2026-01-30 20:48
Overall Technical outlook
Price Summary
NMDC Steel Limited's stock, on 2026-01-30 opened at 43.0, climbed to a high of 43.15, dropped to a low of 41.61, and closed up -1.26% at 42.46, with 3998886 shares traded. The highest price the stock achieved in the past 52 weeks is 47.67, while the lowest price it saw is 33.04.
Technicals
Support and Resistance: At 42.46, the price for NSLNISP is supported at 41.49 and resisted at 43.0. This indicates a trading range where 41.49 serves as a support level, potentially preventing further decline, while 43.0 could limit upward movement. Support/Resistance for NSLNISP
Aroon: The AROON is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Aroon chart for NMDC Steel Limited
Bol. Bands: The current state of the BOLL BANDS 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. Bolinger Bands chart for NMDC Steel Limited
Parabolic SAR: The PSAR continues its bullish outlook, reinforcing a crucial support level that may help sustain the current upward trend. This support suggests that the market is likely to continue climbing, with the bullish momentum remaining strong. Parabolic Stop and Reverse chart for NMDC Steel Limited
Stochastic: The STOCHASTIC is currently in a neutral position for NMDC Steel Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Stochastic chart for NMDC Steel Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Tripple SMA chart for NMDC Steel Limited
To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.
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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