Is NMDC Steel technically bullish or bearish?

Oct 20 2025 08:07 AM IST
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As of October 17, 2025, NMDC Steel shows a bullish trend with strong indicators like a bullish MACD and moving averages, despite some mildly bearish signals from Dow Theory and Bollinger Bands.
As of 17 October 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with moderate strength. Key indicators driving this stance include a bullish MACD on the weekly chart, bullish moving averages on the daily timeframe, and a bullish On-Balance Volume (OBV) on both weekly and monthly charts. However, the weekly Dow Theory shows a mildly bearish signal, and Bollinger Bands indicate a mildly bullish trend on the weekly but bearish on the monthly. Overall, the bullish indicators outweigh the bearish signals, supporting a positive outlook for NMDC Steel.
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