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MARKET OUTLOOKNTPCSTOCK OUTLOOK

NTPC Outlook for the Week (October 23, 2023 – October 27, 2023)

NTPC
NTPC
NTPC closed the previous week on a negative note losing 3.90%.

Technically, NTPC share price will see immediate support at 236.63 and immediate resistance would be seen at 246.28.

If NTPC share price closes below immediate support of 236.63, then sharp breakdown can be seen. NTPC share price will see major support at 232.27 for the week.

On the positive side, immediate resistance will be seen at 246.28. Closing above 246.28, NTPC share price will see a sharp breakout. Major resistance for NTPC share price will be seen at 251.57 for the week.

Trading range for NTPC share price for this week should be between 226.98 on down side and 255.93 on up side.

NTPC Previous Week High: 247.2

NTPC Previous Week Low: 237.55

NTPC Previous Week Range: 9.65 Points

NTPC share price support and resistance for the week (October 23, 2023 – October 27, 2023)

Level Type Value
Resistance 3 255.93
Resistance 2 251.57
Resistance 1 246.28
Support 1 236.63
Support 2 232.27
Support 3 226.98
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