NIFTY PHARMA closed the previous week on a negative note losing 4.48%.
Technically, NIFTY PHARMA share price will see immediate support at 18,254.07 and immediate resistance would be seen at 19,117.42.
If NIFTY PHARMA share price closes below immediate support of 18,254.07, then sharp breakdown can be seen. NIFTY PHARMA share price will see major support at 17,898.68 for the week.
On the positive side, immediate resistance will be seen at 19,117.42. Closing above 19,117.42, NIFTY PHARMA share price will see a sharp breakout. Major resistance for NIFTY PHARMA share price will be seen at 19,625.38 for the week.
Trading range for NIFTY PHARMA share price for this week should be between 17,390.72 on down side and 19,980.77 on up side.
NIFTY PHARMA Previous Week High: 19270
NIFTY PHARMA Previous Week Low: 18406.65
NIFTY PHARMA Previous Week Range: 863.35 Points
NIFTY PHARMA share price support and resistance for the week (May 13, 2024 – May 17, 2024)
| Level Type | Value |
|---|---|
| Resistance 3 | 19,980.77 |
| Resistance 2 | 19,625.38 |
| Resistance 1 | 19,117.42 |
| Support 1 | 18,254.07 |
| Support 2 | 17,898.68 |
| Support 3 | 17,390.72 |
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