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Technicals for NMDC Steel Limited
By MusingTheNews
2025-06-13 20:48
Overall Technical outlook
Price Summary
On 2025-06-13, NSLNISP's stock opened at 39.15, reached a peak of 39.42, dropped to 38.61, and ended -0.26% down at 39.05, with a volume of 3145303 shares. The stock's peak price over the last 52 weeks is 60.24, with the lowest being 33.04.
Technicals
Support and Resistance: The current price of 39.05 is supported at 38.47, with resistance at 41.29. This suggests that the price for NSLNISP might remain between these levels, where 38.47 acts as a floor and 41.29 as a ceiling in the market. Support/Resistance for NSLNISP
Aroon: The current reading of the AROON indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Aroon chart for NMDC Steel Limited
Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Bolinger Bands chart for NMDC Steel Limited
Parabolic SAR: The PSAR continues to be bullish for NSLNISP, setting a strong support level that could sustain the ongoing upward trend. This level of support indicates that the market is likely to continue its positive trajectory, offering a base for continued bullish movement. Parabolic Stop and Reverse chart for NMDC Steel 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 Steel Limited
Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral stance, not indicating a clear upward or downward trend for NMDC Steel Limited. This suggests a period of market balance, where neither side is showing dominance. Tripple SMA chart for NMDC Steel Limited
To accurately interpret a company's technical data, it is important to first examine its fundamentals. These include financial performance, management quality, and growth prospects. In addition, understanding the dynamics of the industry in which the company operates—such as competition, market trends, and regulatory factors—provides further insights. This combined analysis helps create a fuller picture, allowing for more precise conclusions to be drawn from the company's technical performance and stock behavior.
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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