NSLNISP - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Rating: 2.4

NMDC Steel Ltd (NSLNISP) shows weak technical and fundamental signals for intraday trading today. While there’s a slight improvement in quarterly losses, the overall setup leans bearish.

⚠️ Key Concerns

Negative ROCE & ROE: -13.0% and -16.6% indicate poor capital efficiency and shareholder returns.

MACD at -0.65 & RSI at 26.9: Strong bearish momentum and oversold territory, but no clear reversal yet.

Trading Below DMA: Current price ₹36.2 is below both 50-DMA (₹38.7) and 200-DMA (₹41.2), confirming a downtrend.

No P/E or EPS: Lack of earnings visibility makes valuation unclear.

Volume Flat: Matches weekly average, suggesting no unusual activity.

✅ Minor Positives

Debt-to-Equity at 0.45: Reasonably low, offering financial stability.

Quarterly Loss Reduction: From ₹-758 Cr. to ₹-473 Cr., showing some operational improvement.

52W Low Proximity: Near ₹28.4, which may act as psychological support.

🎯 Intraday Strategy

Action Price Level (₹) Notes

Buy Zone 35.8–36.0 Only if RSI starts rising and MACD flattens

Profit Target 1 36.8 Conservative exit on weak bounce

Profit Target 2 37.5 Aggressive exit if volume spikes and price crosses 50-DMA

Stop Loss 35.2 Below recent support zone

🕒 If Already Holding Today

Exit on Weak Bounce: If price fails to cross ₹36.8 with volume, consider exiting.

Watch RSI: If it dips below 25, momentum may worsen.

Avoid Averaging Down: Until MACD shows signs of reversal or price reclaims ₹38.7.

This one’s a cautious play. If you’re looking for stronger intraday setups, I can pull up a few steel sector stocks with better momentum

1

2

. Want to explore those?

1

dailybulls.in

2

justticks.in

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