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MARKET OUTLOOKNMDCSTOCK OUTLOOK

NMDC Outlook for the Week (February 12, 2024 – February 16, 2024)

NMDC
NMDC
NMDC closed the previous week on a negative note losing 5.38%.

Technically, NMDC share price will see immediate support at 234.48 and immediate resistance would be seen at 247.78.

If NMDC share price closes below immediate support of 234.48, then sharp breakdown can be seen. NMDC share price will see major support at 227.47 for the week.

On the positive side, immediate resistance will be seen at 247.78. Closing above 247.78, NMDC share price will see a sharp breakout. Major resistance for NMDC share price will be seen at 254.07 for the week.

Trading range for NMDC share price for this week should be between 221.18 on down side and 261.08 on up side.

NMDC Previous Week High: 247.05

NMDC Previous Week Low: 233.75

NMDC Previous Week Range: 13.3 Points

NMDC share price support and resistance for the week (February 12, 2024 – February 16, 2024)

Level Type Value
Resistance 3 261.08
Resistance 2 254.07
Resistance 1 247.78
Support 1 234.48
Support 2 227.47
Support 3 221.18
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