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NMDC Steel Share Price Target - Tomorrow, Next Week & Next Month
NMDC Steel Limited | |||
 | Symbol: NSLNISP | ||
| Price: ₹44.79 | |||
| Exchange: NSE | |||
| Basic Materials -> Steel | |||
Show Table of Contents
Table of Contents
- 1: NMDC Steel Recent Performance
- 2: Chart: NMDC Steel Share Price Target - Tomorrow
- 3: Table: NMDC Steel Share Price Target - Tomorrow
- 4: Summary: NMDC Steel Share Price Prediction For Tomorrow
- 5: Chart: NMDC Steel Share Price Target - Next Week
- 6: Table: NMDC Steel Share Price Target - Next Week
- 7: Summary: NMDC Steel Share Price Prediction For Next Week
- 8: Chart: NMDC Steel Share Price Target - Next Month
- 9: Table: NMDC Steel Share Price Target - Next Month
- 10: Summary: NMDC Steel Share Price Prediction For Next Month
NMDC Steel Recent Performance
Over the past 19 trading days, the value of NMDC Steel's stock has decreased by ₹5.05 (-10.13%). On 17 Oct 2024, one share was worth ₹49.84 and by 21 Nov 2024, the value dropped to ₹44.79. During this period it created a highest high of ₹50.55 and lowest low of ₹42.95.
Below Image represents line chart of daily close price of NMDC Steel, helping you visualize how the price has changed day by day.
Chart: NMDC Steel Share Price Target - Tomorrow
The line chart displays the NMDC Steel daily closing prices for the past 19 trading days using a black line. The green line indicates the potential targets, while the red line shows the potential Stop-Loss (SL) levels.
For detailed target and stop loss values for NMDC Steel shares for Thu 21 Nov 2024, see the table below.
Table: NMDC Steel Share Price Target - Tomorrow
By analyzing NMDC Steel stock with yesterday and past crucial price points and technical indicators we derived following targets for: Fri, 22 Nov, 2024!
| NMDC Steel's Levels | Value | Reason/Importance |
|---|---|---|
| Tomorrow Target 3 | 46.50 (+3.81%) | Price Action: Jun 2023 High |
| Tomorrow Target 2 | 45.97 (+2.63%) | Fibonacci Extension Level 161.8% |
| Tomorrow Target 1 | 45.40 (+1.36%) | Price Action: 25 Oct 2024 High |
| Current Price | 44.79 | NMDC Steel's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 44.70 (-0.21%) | Price Action: 24 Oct 2024 Low |
| Stop Loss 2 | 44.51 (-0.63%) | Fibonacci Retracement Level 50% |
| Stop Loss 3 | 44.14 (-1.46%) | Fibonacci Retracement Level 78.6% |
Summary: NMDC Steel Share Price Prediction For Tomorrow
Thu 21 Nov 2024: NMDC Steel finished the day at ₹44.79, gaining ₹0.77 (+1.75%) in 1 day.
In summary, our analysis of NMDC Steel for tomorrow predicts a rise of 1.36% to 3.81% with three potential targets T1: ₹45.40, T2: ₹45.97, T3: ₹46.50 and Stop-Loss (SL) at SL1: ₹44.70, SL2: ₹44.51, SL3: ₹44.14.
Additionally, we've identified a support level at ₹43.85 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹45.17, which is like a ceiling at which the price might have a hard time breaking through. These targets are based on our study of past trends and technical analysis using various indicators.
Over the last 19 trading days, the stock has dropped -10.13%, indicating it could be a excellent option for intra day trading as it has shown big price movements. During this period, its price fluctuated between 50.55 and 42.95.
After looking at tomorrow's share price prediction, let's now check what next week might hold for NMDC Steel.
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Chart: NMDC Steel Share Price Target - Next Week
The chart displays the NMDC Steel weekly closing prices for the past 25 trading weeks using a black line. It also shows three targets using a green line, while the red line shows the potential Stop-Loss (SL) levels for next week.
For detailed target and stop loss values for NMDC Steel shares for next week, see the table below.
Table: NMDC Steel Share Price Target - Next Week
By analyzing NMDC Steel stock with yesterday and past crucial price points and technical indicators we derived following targets for the next week!
| NMDC Steel's Levels | Value | Reason/Importance |
|---|---|---|
| Next Week Target 3 | 48.20 (+7.61%) | Price Action: 22 Oct 2024 High |
| Next Week Target 2 | 47.55 (+6.16%) | Price Action: 21 Oct 2024 Low |
| Next Week Target 1 | 46.50 (+3.81%) | Price Action: Jun 2023 High |
| Current Price | 44.79 | NMDC Steel's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 44.40 (-0.88%) | Price Action: Nov 2023 High |
| Stop Loss 2 | 43.90 (-1.99%) | Price Action: 19 Nov 2024 Low |
| Stop Loss 3 | 43.18 (-3.6%) | Price Action: 28 Oct 2024 Low |
Summary: NMDC Steel Share Price Prediction For Next Week
As of Thu 21 Nov 2024, NMDC Steel share price stands at ₹44.79, gaining ₹0.93 (+2.12%) in this week.
In summary, our analysis of NMDC Steel for next week predicts a rise of 3.81% to 7.61% with three potential targets T1: ₹46.50, T2: ₹47.55, T3: ₹48.20 and Stop-Loss (SL) at SL1: ₹44.40, SL2: ₹43.90, SL3: ₹43.18.
Additionally, we've identified a support level at ₹43.06 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹45.17, which is like a ceiling at which the price might have a hard time breaking through.
After looking at tomorrow's and next week's share price prediction, let's now check what next month might hold for NMDC Steel.
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Chart: NMDC Steel Share Price Target - Next Month
The chart displays the NMDC Steel monthly closing prices for the past 22 months using a black line. It also shows three targets using green line, while the red line shows the potential Stop-Loss (SL) levels.
For detailed target and stop loss values for NMDC Steel shares for next month, see the table below.
Table: NMDC Steel Share Price Target - Next Month
By analyzing NMDC Steel stock with yesterday and past crucial price points and technical indicators we derived following targets for Next Month!
| NMDC Steel's Levels | Value | Reason/Importance |
|---|---|---|
| Next Month Target 3 | 48.20 (+7.61%) | Price Action: 22 Oct 2024 High |
| Next Month Target 2 | 47.55 (+6.16%) | Price Action: 21 Oct 2024 Low |
| Next Month Target 1 | 46.50 (+3.81%) | Price Action: Jun 2023 High |
| Current Price | 44.79 | NMDC Steel's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 44.40 (-0.88%) | Price Action: Nov 2023 High |
| Stop Loss 2 | 43.90 (-1.99%) | Price Action: 19 Nov 2024 Low |
| Stop Loss 3 | 43.18 (-3.6%) | Price Action: 28 Oct 2024 Low |
Summary: NMDC Steel Share Price Prediction For Next Month
As of Thu 21 Nov 2024, NMDC Steel share price stands at ₹44.79, losing ₹-2.70 (-5.69%) in this month.
In summary, our analysis of NMDC Steel for next month predicts a rise of 3.81% to 7.61% with three potential targets T1: ₹46.50, T2: ₹47.55, T3: ₹48.20 and Stop-Loss (SL) at SL1: ₹44.40, SL2: ₹43.90, SL3: ₹43.18.
Additionally, we've identified a support level at 43.85 — think of this as a safety net where the price might stop falling and there's also a resistance level at 50.55, which is like a ceiling at which the price might have a hard time breaking through.
After looking at tomorrow's, next week's and next month's share price prediction, you might wonder what this year or next year might hold for NMDC Steel, we created a specific page for that check here: NMDC Steel Share Price target for 2024 and 2025
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As we wrap up, we hope you like our study on NMDC Steel short term share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyze historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
