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MARKET OUTLOOKNTPCSTOCK OUTLOOK

NTPC Outlook for the Week (February 05, 2024 – February 09, 2024)

NTPC
NTPC
NTPC closed the previous week on a negative note losing 6.32%.

Technically, NTPC share price will see immediate support at 318.83 and immediate resistance would be seen at 339.93.

If NTPC share price closes below immediate support of 318.83, then sharp breakdown can be seen. NTPC share price will see major support at 305.17 for the week.

On the positive side, immediate resistance will be seen at 339.93. Closing above 339.93, NTPC share price will see a sharp breakout. Major resistance for NTPC share price will be seen at 347.37 for the week.

Trading range for NTPC share price for this week should be between 297.73 on down side and 361.03 on up side.

NTPC Previous Week High: 333.7

NTPC Previous Week Low: 312.6

NTPC Previous Week Range: 21.1 Points

NTPC share price support and resistance for the week (February 05, 2024 – February 09, 2024)

Level Type Value
Resistance 3 361.03
Resistance 2 347.37
Resistance 1 339.93
Support 1 318.83
Support 2 305.17
Support 3 297.73
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