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MARKET OUTLOOKNTPCSTOCK OUTLOOK

NTPC Outlook for the Week (January 08, 2024 – January 12, 2024)

NTPC
NTPC
NTPC closed the previous week on a negative note losing 7.25%.

Technically, NTPC share price will see immediate support at 302.78 and immediate resistance would be seen at 326.38.

If NTPC share price closes below immediate support of 302.78, then sharp breakdown can be seen. NTPC share price will see major support at 290.62 for the week.

On the positive side, immediate resistance will be seen at 326.38. Closing above 326.38, NTPC share price will see a sharp breakout. Major resistance for NTPC share price will be seen at 337.82 for the week.

Trading range for NTPC share price for this week should be between 279.18 on down side and 349.98 on up side.

NTPC Previous Week High: 325.65

NTPC Previous Week Low: 302.05

NTPC Previous Week Range: 23.6 Points

NTPC share price support and resistance for the week (January 08, 2024 – January 12, 2024)

Level Type Value
Resistance 3 349.98
Resistance 2 337.82
Resistance 1 326.38
Support 1 302.78
Support 2 290.62
Support 3 279.18
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