Is NMDC Steel technically bullish or bearish?

Oct 18 2025 08:13 AM IST
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As of 17 October 2025, NMDC Steel shows a bullish trend supported by daily moving averages and MACD, despite mixed signals from Bollinger Bands and Dow Theory.
As of 17 October 2025, the technical trend has changed from mildly bullish to bullish. The current technical stance for NMDC Steel is bullish, with a strong indication from the daily moving averages and weekly MACD. The weekly KST also supports this bullish outlook. However, the weekly Bollinger Bands suggest a mildly bullish sentiment, while the Dow Theory presents a mixed view with a mildly bearish weekly signal. Overall, the strength of the bullish stance is supported by the daily moving averages and the positive OBV readings, despite some weakness in the broader context of the market performance compared to the Sensex.
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