Is NMDC Steel technically bullish or bearish?
As of 17 October 2025, NMDC Steel's trend is bullish with moderate strength, supported by positive MACD, moving averages, and OBV, though mixed signals from Dow Theory and Bollinger Bands suggest some caution.
As of 17 October 2025, the technical trend for NMDC Steel has changed from mildly bullish to bullish. The current stance is bullish with moderate strength. Key indicators driving this include a bullish MACD on the weekly timeframe, bullish moving averages on the daily timeframe, and a bullish On-Balance Volume (OBV) on both weekly and monthly timeframes. However, the weekly Dow Theory shows a mildly bearish signal, and Bollinger Bands indicate a mildly bullish stance on the weekly but bearish on the monthly, suggesting some mixed signals. Overall, the bullish trend is supported by strong momentum indicators despite some caution from other metrics.
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