Analyzing the remarkable 6.9% GDP growth of India in Q4 FY25, exploring...
Technicals for NMDC Steel Limited
By MusingTheNews
2025-05-30 20:49
Overall Technical outlook
Price Summary
With a -4.75% collapse, NMDC Steel Limited enjoyed a lacklustre day in the stock market. On 2025-05-30, NSLNISP's stock began at 39.99, peaked at 39.99, dipped to 38.0, and closed up -4.75% at 38.09, with a volume of 6645868 shares. The stock's highest price in the past 52 weeks is 62.35, while its lowest price during the same period is 33.04.
Technicals
Support and Resistance: The current price of 38.09 for NSLNISP is supported at 35.36 and faces resistance at 38.47. These levels indicate that 35.36 could act as a floor, while 38.47 might limit any further price increases. Support/Resistance for NSLNISP
Aroon: The AROON 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. Aroon chart for NMDC Steel Limited
Bol. Bands: The BOLL BANDS is in a neutral stance for NSLNISP, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Bolinger Bands chart for NMDC Steel Limited
Parabolic SAR: The PSAR has shifted from bullish to bearish in its latest move, suggesting a potential trend reversal. This change could be a strong bearish signal if supported by other trends. Traders should monitor the situation closely and seek further confirmation before acting. Parabolic Stop and Reverse chart for NMDC Steel Limited
Stochastic: The STOCHASTIC is in a neutral stance for NSLNISP, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Stochastic chart for NMDC Steel Limited
Tripple Moving Agerage: The Tripple MOVING AVG 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. Tripple SMA chart for NMDC Steel Limited
When assessing a company's technical performance, such as stock price fluctuations and trading volume, it is crucial to first examine its fundamentals. These fundamentals include financial health, profitability, and growth potential. Additionally, understanding the industry's dynamics, including competitive pressures and market trends, is key to contextualizing the company's performance. By integrating these factors, a more comprehensive and meaningful analysis can be conducted, leading to more informed investment decisions.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
This article delves into the development saga of the Kaveri engine for...
By clicking "Accept", you agree to the storing of cookies on your device to enhance site navigation, analyze site usage and assist in our tailored marketing efforts.