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MARKET OUTLOOKNMDCSTOCK OUTLOOK

NMDC Outlook for the Week (January 29, 2024 – February 02, 2024)

NMDC
NMDC
NMDC closed the previous week on a negative note losing 7.44%.

Technically, NMDC share price will see immediate support at 206.53 and immediate resistance would be seen at 222.73.

If NMDC share price closes below immediate support of 206.53, then sharp breakdown can be seen. NMDC share price will see major support at 195.92 for the week.

On the positive side, immediate resistance will be seen at 222.73. Closing above 222.73, NMDC share price will see a sharp breakout. Major resistance for NMDC share price will be seen at 228.32 for the week.

Trading range for NMDC share price for this week should be between 190.33 on down side and 238.93 on up side.

NMDC Previous Week High: 217.7

NMDC Previous Week Low: 201.5

NMDC Previous Week Range: 16.2 Points

NMDC share price support and resistance for the week (January 29, 2024 – February 02, 2024)

Level Type Value
Resistance 3 238.93
Resistance 2 228.32
Resistance 1 222.73
Support 1 206.53
Support 2 195.92
Support 3 190.33
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{"buy_point":[{"en_ltd":"2024-01-25","en_sup_p_91":"216.50","en_sup_t_91":"206.71","prev_close":"211.80","en_close":"217.15","new_date":"Jan 25","prev_close_no":211},{"en_ltd":"2024-01-19","en_sup_p_91":"210.28","en_sup_t_91":"200.38","prev_close":"203.60","en_close":"210.85","new_date":"Jan 19","prev_close_no":203},{"en_ltd":"2023-12-22","en_sup_p_91":"194.80","en_sup_t_91":"187.24","prev_close":"193.65","en_close":"195.40","new_date":"Dec 22","prev_close_no":193}],"sell_point":[{"en_ltd":"2024-01-23","en_sup_p_91":"206.52","en_sup_t_91":"217.04","prev_close":"212.85","en_close":"202.45","new_date":"Jan 23","prev_close_no":212},{"en_ltd":"2024-01-08","en_sup_p_91":"216.36","en_sup_t_91":"226.74","prev_close":"222.70","en_close":"215.20","new_date":"Jan 8","prev_close_no":222},{"en_ltd":"2023-12-20","en_sup_p_91":"190.56","en_sup_t_91":"196.87","prev_close":"193.60","en_close":"183.40","new_date":"Dec 20","prev_close_no":193}]}

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