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MARKET OUTLOOKNMDCSTOCK OUTLOOK

NMDC Outlook for the Week (August 28, 2023 – September 01, 2023)

NMDC
NMDC
NMDC closed the previous week on a negative note losing 7.05%.

Technically, NMDC share price will see immediate support at 115.13 and immediate resistance would be seen at 123.88.

If NMDC share price closes below immediate support of 115.13, then sharp breakdown can be seen. NMDC share price will see major support at 110.87 for the week.

On the positive side, immediate resistance will be seen at 123.88. Closing above 123.88, NMDC share price will see a sharp breakout. Major resistance for NMDC share price will be seen at 128.37 for the week.

Trading range for NMDC share price for this week should be between 106.38 on down side and 132.63 on up side.

NMDC Previous Week High: 124.1

NMDC Previous Week Low: 115.35

NMDC Previous Week Range: 8.75 Points

NMDC share price support and resistance for the week (August 28, 2023 – September 01, 2023)

Level Type Value
Resistance 3 132.63
Resistance 2 128.37
Resistance 1 123.88
Support 1 115.13
Support 2 110.87
Support 3 106.38

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