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MARKET OUTLOOKNTPCSTOCK OUTLOOK

NTPC Outlook for the Week (August 14, 2023 – August 18, 2023)

NTPC closed the previous week on a negative note losing 3.93%.

Technically, NTPC share price will see immediate support at 209.98 and immediate resistance would be seen at 218.68.

If NTPC share price closes below immediate support of 209.98, then sharp breakdown can be seen. NTPC share price will see major support at 206.97 for the week.

On the positive side, immediate resistance will be seen at 218.68. Closing above 218.68, NTPC share price will see a sharp breakout. Major resistance for NTPC share price will be seen at 224.37 for the week.

Trading range for NTPC share price for this week should be between 201.28 on down side and 227.38 on up side.

NTPC Previous Week High: 221.35

NTPC Previous Week Low: 212.65

NTPC Previous Week Range: 8.7 Points

NTPC share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type Value
Resistance 3 227.38
Resistance 2 224.37
Resistance 1 218.68
Support 1 209.98
Support 2 206.97
Support 3 201.28

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