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MARKET OUTLOOKNMDCSTOCK OUTLOOK

NMDC Outlook for the Week (January 15, 2024 – January 19, 2024)

NMDC
NMDC
NMDC closed the previous week on a negative note losing 6.83%.

Technically, NMDC share price will see immediate support at 205.32 and immediate resistance would be seen at 220.62.

If NMDC share price closes below immediate support of 205.32, then sharp breakdown can be seen. NMDC share price will see major support at 199.28 for the week.

On the positive side, immediate resistance will be seen at 220.62. Closing above 220.62, NMDC share price will see a sharp breakout. Major resistance for NMDC share price will be seen at 229.88 for the week.

Trading range for NMDC share price for this week should be between 190.02 on down side and 235.92 on up side.

NMDC Previous Week High: 223.85

NMDC Previous Week Low: 208.55

NMDC Previous Week Range: 15.3 Points

NMDC share price support and resistance for the week (January 15, 2024 – January 19, 2024)

Level Type Value
Resistance 3 235.92
Resistance 2 229.88
Resistance 1 220.62
Support 1 205.32
Support 2 199.28
Support 3 190.02
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