NSLNISP - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.8
| Stock Code | NSLNISP | Market Cap | 12,520 Cr. | Current Price | 42.7 ₹ | High / Low | 49.6 ₹ |
| Book Value | 44.4 ₹ | Dividend Yield | 0.00 % | ROCE | -13.0 % | ROE | -16.6 % |
| Face Value | 10.0 ₹ | DMA 50 | 40.0 ₹ | DMA 200 | 40.9 ₹ | Chg in FII Hold | 0.04 % |
| Chg in DII Hold | 0.18 % | PAT Qtr | -244 Cr. | PAT Prev Qtr | -115 Cr. | RSI | 63.4 |
| MACD | 1.10 | Volume | 1,24,75,855 | Avg Vol 1Wk | 74,16,750 | Low price | 32.9 ₹ |
| High price | 49.6 ₹ | Debt to equity | 0.41 | 52w Index | 58.6 % | Qtr Profit Var | 67.8 % |
| EPS | -2.75 ₹ | Industry PE | 22.9 |
📈 Chart & Trend: NSLNISP is trading above its 50 DMA (40.0 ₹) and 200 DMA (40.9 ₹), showing mild short-term strength but weak medium-term structure. RSI at 63.4 indicates moderate momentum, while MACD at 1.10 reflects a weak bullish crossover. Bollinger Bands show price near the upper band, suggesting consolidation with limited upside.
🔎 Momentum Signals: Entry zone is favorable near 40–41 ₹ support. Resistance lies at 45–46 ₹. A breakout above 46 ₹ could extend toward 48–49 ₹, while a breakdown below 40 ₹ risks reversal toward 37–38 ₹.
📊 Volume Trends: Current volume (1.24 Cr.) is significantly higher than the 1-week average (0.74 Cr.), showing strong participation and speculative interest.
Positive
- Trading above both 50 DMA and 200 DMA confirms short-term strength.
- Book value of 44.4 ₹ provides valuation support.
- Institutional inflows: FII (+0.04%) and DII (+0.18%) show marginal confidence.
Limitation
- Negative ROE (−16.6%) and ROCE (−13.0%) highlight poor fundamentals.
- EPS at −2.75 ₹ reflects consistent losses.
- No dividend yield (0.00%) offers no shareholder return.
Company Negative News
- PAT worsened from −115 Cr. to −244 Cr., showing deepening losses.
- Weak profitability trend limits investor confidence.
Company Positive News
- Quarterly profit variation (+67.8%) indicates improvement in relative performance despite losses.
- Marginal increase in institutional holdings supports sentiment.
Industry
- Industry PE at 22.9 highlights NSLNISP trades at a discount due to negative earnings.
- Steel sector outlook remains cyclical, dependent on demand recovery and commodity pricing.
Conclusion
⚖️ NSLNISP is consolidating with weak bullish signals but poor fundamentals. Entry near 40–41 ₹ offers limited risk-reward, while resistance lies at 45–46 ₹. Persistent losses, negative ROE/ROCE, and lack of dividend yield are key risks. A breakout above 46 ₹ with strong volumes could trigger momentum toward 48–49 ₹, but caution is advised given weak fundamentals.