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MARKET OUTLOOKNTPCSTOCK OUTLOOK

NTPC Outlook for the Week (February 12, 2024 – February 16, 2024)

NTPC
NTPC
NTPC closed the previous week on a negative note losing 6.29%.

Technically, NTPC share price will see immediate support at 315.98 and immediate resistance would be seen at 337.43.

If NTPC share price closes below immediate support of 315.98, then sharp breakdown can be seen. NTPC share price will see major support at 307.07 for the week.

On the positive side, immediate resistance will be seen at 337.43. Closing above 337.43, NTPC share price will see a sharp breakout. Major resistance for NTPC share price will be seen at 349.97 for the week.

Trading range for NTPC share price for this week should be between 294.53 on down side and 358.88 on up side.

NTPC Previous Week High: 341.05

NTPC Previous Week Low: 319.6

NTPC Previous Week Range: 21.45 Points

NTPC share price support and resistance for the week (February 12, 2024 – February 16, 2024)

Level Type Value
Resistance 3 358.88
Resistance 2 349.97
Resistance 1 337.43
Support 1 315.98
Support 2 307.07
Support 3 294.53
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