NSLNISP - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a detailed technical analysis of NSL Nagapatnam Steel & Power Ltd (NSLNISP)

📊 Trend Overview

Current Trend: Bullish

Phase: Trending with short-term momentum

Bias: Positive, but approaching resistance zone

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹40.8

200 DMA: ₹41.1

Current Price: ₹45.1

Price is above both DMAs → confirms bullish trend

Rising slope on 50 DMA and 200 DMA → momentum is strengthening

🔹 RSI (Relative Strength Index)

RSI: 65.7

Bullish zone, nearing overbought territory

Indicates strong buying interest but caution near ₹48+

🔹 MACD (Moving Average Convergence Divergence)

MACD: 1.91

Positive MACD → confirms bullish momentum

Histogram widening → trend strength increasing

🔹 Bollinger Bands

Price near upper band → bullish breakout zone

Bands expanding → rising volatility

Could signal continuation if volume supports the move

🔹 Volume Trends

Current Volume: 33.9 lakh

1-Week Avg Volume: 58.3 lakh

Volume below average → suggests mild consolidation

Watch for volume spike to confirm breakout above ₹48

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 43.0 Minor pullback zone

Support 2 40.8 50 DMA, strong base

Resistance 1 48.0 Immediate resistance

Resistance 2 52.0 Intermediate ceiling

Resistance 3 55.2 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹43–₹44.5 (on pullback near support)

Exit Zone / Profit Booking: ₹52–₹55.2 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Bullish momentum with breakout potential

Medium-Term: Trending upward with confirmation from MACD and moving averages

Volume: Needs improvement for sustained breakout

🧭 Conclusion

NSLNISP is currently trending upward, supported by bullish indicators across the board. Price action above moving averages, a positive MACD crossover, and expanding Bollinger Bands suggest continuation. Traders may consider entering on dips near ₹43 with targets around ₹52–₹55.2, while monitoring RSI and volume for signs of short-term exhaustion or breakout confirmation.

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