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NMSTEEL_SM NEWS why is Newmalayalam Steel Ltd price falling or rising

NMSTEEL_SM NEWS reasons for why stock price of Newmalayalam Steel Ltd is falling or rising

NMSTEEL_SM Newmalayalam Steel is falling or rising technical reasons

Technical analysis forecast of Newmalayalam Steel Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Newmalayalam Steel NMSTEEL_SM at this time. Stock is rising and might rise more.

It appears as if Newmalayalam Steel NMSTEEL_SM gave a large move recently.

Stock of Newmalayalam Steel (NMSTEEL_SM) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Newmalayalam Steel is bullish for shortterm, and stock might move up till 24.9 or till 26.3. Use a stoploss of 23.68 and if this stock hits its stoploss, then it can fall down till 22.51

NMSTEEL_SM Newmalayalam Steel is falling or rising NEWS fundamental reasons

More announcements and NEWS

NMSTEEL_SM Newmalayalam Steel Ltd current price & indicator signals

Moving Averages for Newmalayalam Steel Ltd

  • 5Day Average: 24.29
  • 12Day Average: 24
  • 20Day Average: 23.63
  • 50Day Average: 23.64
  • 100Day Average: 26.72
  • 150Day Average: 28.77

NMSTEEL_SM Indicators & signals

Indicator MACD (12,26,9)

23.89, 23.65, 0.17
Indicator MACD is in positive zone

Indicator ADX (14)

15.07, 32.29, 43.75
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 52
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of NMSTEEL_SM Newmalayalam Steel Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
21 Thu May 2026 24.00 24.00 to 24.00 0% 0.5 times
15 Fri May 2026 24.00 24.00 to 24.00 1.27% 0.5 times
14 Thu May 2026 23.70 23.60 to 25.25 -4.63% 2.5 times
13 Wed May 2026 24.85 24.85 to 24.90 -0.2% 2 times
05 Tue May 2026 24.90 23.45 to 24.90 6.18% 1 times
04 Mon May 2026 23.45 23.45 to 23.45 0% 0.5 times
30 Thu Apr 2026 23.45 23.45 to 23.45 0.86% 0.5 times
29 Wed Apr 2026 23.25 23.25 to 23.25 -0.85% 0.5 times
27 Mon Apr 2026 23.45 23.05 to 23.45 -3.5% 1 times
24 Fri Apr 2026 24.30 24.30 to 24.30 0% 1 times
23 Thu Apr 2026 24.30 24.30 to 24.30 0% 0.5 times
22 Wed Apr 2026 24.30 22.90 to 24.30 -2.41% 1 times

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NMSTEEL_SM NEWS why is Newmalayalam Steel Ltd price falling or rising

 

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