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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 for Newmalayalam Steel Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Newmalayalam Steel NMSTEEL_SM at this time. Stock is falling and might fall more.

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

Stock of Newmalayalam Steel (NMSTEEL_SM) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Newmalayalam Steel is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Newmalayalam Steel stays below 22.9, but if it comes above 22.9, then a intra day buy could be more profitable.
If you take a sell trade below 22.9, then use 22.9 as stoploss and 21.8 as target. However if you take a buy trade in Newmalayalam Steel, then use 22.9 as stoploss and 23.72 as target.

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: 23.55
  • 12Day Average: 23.55
  • 20Day Average: 23.85
  • 50Day Average: 23.65
  • 100Day Average: 24.68
  • 150Day Average: 27.01

NMSTEEL_SM Indicators & signals

Indicator MACD (12,26,9)

23.56, 23.79, -0.09
Indicator MACD is in negative zone

Indicator ADX (14)

5.38, 31.43, 35
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
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
24 Fri Jul 2026 22.25 22.00 to 25.25 -7.29% 2.26 times
22 Wed Jul 2026 24.00 23.90 to 24.00 6.43% 0.97 times
21 Tue Jul 2026 22.55 22.55 to 25.10 -7.77% 1.94 times
14 Tue Jul 2026 24.45 24.45 to 24.45 -0.2% 0.32 times
03 Fri Jul 2026 24.50 23.40 to 24.50 2.94% 1.29 times
02 Thu Jul 2026 23.80 23.40 to 27.60 3.48% 2.9 times
01 Wed Jul 2026 23.00 23.00 to 23.00 -1.29% 0.65 times
30 Tue Jun 2026 23.30 23.30 to 23.30 0% 0.32 times
25 Thu Jun 2026 23.30 23.30 to 23.30 -0.64% 0.32 times
23 Tue Jun 2026 23.45 23.45 to 24.00 -2.29% 0.65 times
18 Thu Jun 2026 24.00 23.75 to 24.00 0% 0.65 times
17 Wed Jun 2026 24.00 23.50 to 24.00 -2.24% 1.61 times

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NMSTEEL_SM NEWS why is Newmalayalam Steel Ltd price falling or rising

 

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