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MARKET OUTLOOKNMDCSTOCK OUTLOOK

NMDC Outlook for the Week (December 11, 2023 – December 15, 2023)

NMDC
NMDC
NMDC closed the previous week on a negative note losing 4.39%.

Technically, NMDC share price will see immediate support at 179.87 and immediate resistance would be seen at 188.17.

If NMDC share price closes below immediate support of 179.87, then sharp breakdown can be seen. NMDC share price will see major support at 176.13 for the week.

On the positive side, immediate resistance will be seen at 188.17. Closing above 188.17, NMDC share price will see a sharp breakout. Major resistance for NMDC share price will be seen at 192.73 for the week.

Trading range for NMDC share price for this week should be between 171.57 on down side and 196.47 on up side.

NMDC Previous Week High: 189

NMDC Previous Week Low: 180.7

NMDC Previous Week Range: 8.3 Points

NMDC share price support and resistance for the week (December 11, 2023 – December 15, 2023)

Level Type Value
Resistance 3 196.47
Resistance 2 192.73
Resistance 1 188.17
Support 1 179.87
Support 2 176.13
Support 3 171.57
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