Is NMDC Steel technically bullish or bearish?

Aug 28 2025 08:11 AM IST
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As of 26 August 2025, NMDC Steel's technical trend has shifted to mildly bearish, with bearish momentum indicated by daily moving averages and weekly RSI, despite some conflicting signals from the MACD and Bollinger Bands.
As of 26 August 2025, the technical trend for NMDC Steel has changed from sideways to mildly bearish. The current technical stance is bearish, with a weak strength indicated by the daily moving averages showing bearish momentum. The weekly RSI is also bearish, while the MACD on a weekly basis is mildly bullish, suggesting some conflicting signals. Bollinger Bands indicate a sideways trend on the weekly chart but are mildly bearish on the monthly. Overall, the bearish indicators outweigh the bullish ones, leading to a bearish outlook.
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