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MARKET OUTLOOKNTPCSTOCK OUTLOOK

NTPC Outlook for the Week (May 06, 2024 – May 10, 2024)

NTPC
NTPC
NTPC closed the previous week on a negative note losing 6.16%.

Technically, NTPC share price will see immediate support at 354.47 and immediate resistance would be seen at 377.92.

If NTPC share price closes below immediate support of 354.47, then sharp breakdown can be seen. NTPC share price will see major support at 343.98 for the week.

On the positive side, immediate resistance will be seen at 377.92. Closing above 377.92, NTPC share price will see a sharp breakout. Major resistance for NTPC share price will be seen at 390.88 for the week.

Trading range for NTPC share price for this week should be between 331.02 on down side and 401.37 on up side.

NTPC Previous Week High: 380.4

NTPC Previous Week Low: 356.95

NTPC Previous Week Range: 23.45 Points

NTPC share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type Value
Resistance 3 401.37
Resistance 2 390.88
Resistance 1 377.92
Support 1 354.47
Support 2 343.98
Support 3 331.02
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