Overall Technical outlook

Price Summary

With a -9.42% fall, NMDC Steel Limited enjoyed a awful day in the stock market.
NMDC Steel Limited's stock started the year at 44.25, climbed to a high of 44.89, fell to 39.66, and closed -9.42% down at 40.08, with 59030482 shares traded on 2025-08-14.
The stock's highest price over the 52-week span is 55.61, while the lowest price is 33.04.

Technicals

Support and Resistance: The current price of 40.08 is supported at 38.92, with resistance at 40.92. This suggests that the price for NSLNISP might remain between these levels, where 38.92 acts as a floor and 40.92 as a ceiling in the market.
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Support/Resistance for NSLNISP


Aroon: Aroon's bullish trend persists, with Aroon Up holding steady at the 100 level. This shows strong momentum, but further exploration using additional indicators is necessary to confirm the trend's durability and potential future direction.
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Aroon chart for NMDC Steel Limited


Bol. Bands: The price moving below the upper Bollinger Band could be an early warning of a decline. This signal suggests that the asset is overbought and that a price correction is likely. Traders might interpret this as a sign that the bullish momentum is fading, making it a crucial moment for reevaluating trading strategies and considering potential short positions.
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Bolinger Bands chart for NMDC Steel Limited


Parabolic SAR: The PSAR for NSLNISP maintains a bullish outlook, establishing a crucial support level that may help maintain the current upward momentum. This strong support suggests that the market is poised to continue its upward trend, providing confidence in the ongoing bullish sentiment.
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Parabolic Stop and Reverse chart for NMDC Steel Limited


Stochastic: The current reading of the STOCHASTIC is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place.
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Stochastic chart for NMDC Steel Limited


Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for NSLNISP, with no strong trend emerging.
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Tripple SMA chart for NMDC Steel Limited


When evaluating a company, it is crucial to examine its fundamentals, including its financial statements, management structure, and market position. Additionally, understanding the broader industry trends, competition, and regulatory landscape helps to create a well-rounded view. By assessing both the company's internal factors and the external environment in which it operates, you can extract more valuable insights from its technical performance, such as stock price movements and trading patterns.