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Technicals for NMDC Limited
By MusingTheNews
2025-08-15 20:47
Overall Technical outlook
Price Summary
In today's trading session, NMDC's shares slid by -4.0%, marking a poor day. On 2025-08-14, NMDC Limited's shares started at 72.29, peaked at 72.29, bottomed out at 69.0, and ended -4.0% down at 69.4, with 34233909 shares traded. The peak price for the stock in the past 52 weeks is 244.91, with the lowest price being 60.0. According to 17 analysts, the price of NMDC in the future is projected to be between 55.0 and 89.0, with an average expected price of 73.41176.
Technicals
Support and Resistance: The price of 69.4 is supported at 67.73 and faces resistance at 70.26. This range suggests key levels for NMDC where the price may stabilize, with 67.73 acting as a support and 70.26 as a cap on gains. Support/Resistance for NMDC
Aroon: The Aroon indicator signals a continued bearish trend, with Aroon Down holding steady at the 100 level. This ongoing downward pressure requires further exploration with additional indicators to understand its broader implications. Aroon chart for NMDC Limited
Bol. Bands: The current price for NMDC has made a significant bearish move by crossing below the lower Bollinger Band, having dropped from above the middle band. This sharp decline, moving two bands in a single move, indicates a strong downward momentum. Such a move suggests increased selling pressure, which could signal a continuation of the bearish trend or a potential oversold condition, prompting traders to closely monitor the situation. Bolinger Bands chart for NMDC Limited
Parabolic SAR: The PSAR has just shifted from bullish to bearish, hinting at a potential market decline. If this reversal is supported by other trends, it could be a very bearish signal for NMDC. Investors should be vigilant and seek further confirmation before taking action. Parabolic Stop and Reverse chart for NMDC Limited
Stochastic: The current state of the STOCHASTIC is neutral for NMDC, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Stochastic chart for NMDC Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned in a bearish pattern, signaling a downtrend. However, the slopes of the 20 and 50 SMAs are starting to waver, suggesting that the bearish momentum may be weakening. This could be an early sign of a potential bullish reversal for NMDC, as the market's downward trajectory begins to lose strength and a possible shift towards more positive price action may occur soon. Tripple SMA chart for NMDC Limited
In order to draw meaningful inferences from a company's technical data, it is essential to first consider its fundamentals. This includes reviewing financial metrics like revenue, profit margins, and debt-to-equity ratios. Additionally, understanding the broader industry landscape, including market trends and competitive pressures, is crucial. By integrating these insights with the company's technical performance, such as stock price fluctuations and trading volume, one can make 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.
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