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MARKET OUTLOOKNMDCSTOCK OUTLOOK

NMDC Outlook for the Week (August 14, 2023 – August 18, 2023)

NMDC closed the previous week on a negative note losing 3.27%.

Technically, NMDC share price will see immediate support at 111.55 and immediate resistance would be seen at 115.30.

If NMDC share price closes below immediate support of 111.55, then sharp breakdown can be seen. NMDC share price will see major support at 109.35 for the week.

On the positive side, immediate resistance will be seen at 115.30. Closing above 115.30, NMDC share price will see a sharp breakout. Major resistance for NMDC share price will be seen at 116.85 for the week.

Trading range for NMDC share price for this week should be between 107.80 on down side and 119.05 on up side.

NMDC Previous Week High: 114.65

NMDC Previous Week Low: 110.9

NMDC Previous Week Range: 3.75 Points

NMDC share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type Value
Resistance 3 119.05
Resistance 2 116.85
Resistance 1 115.30
Support 1 111.55
Support 2 109.35
Support 3 107.80

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