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MARKET OUTLOOKNMDCSTOCK OUTLOOK

NMDC Outlook for the Week (January 08, 2024 – January 12, 2024)

NMDC
NMDC
NMDC closed the previous week on a negative note losing 7.94%.

Technically, NMDC share price will see immediate support at 212.20 and immediate resistance would be seen at 230.25.

If NMDC share price closes below immediate support of 212.20, then sharp breakdown can be seen. NMDC share price will see major support at 201.70 for the week.

On the positive side, immediate resistance will be seen at 230.25. Closing above 230.25, NMDC share price will see a sharp breakout. Major resistance for NMDC share price will be seen at 237.80 for the week.

Trading range for NMDC share price for this week should be between 194.15 on down side and 248.30 on up side.

NMDC Previous Week High: 227.3

NMDC Previous Week Low: 209.25

NMDC Previous Week Range: 18.05 Points

NMDC share price support and resistance for the week (January 08, 2024 – January 12, 2024)

Level Type Value
Resistance 3 248.30
Resistance 2 237.80
Resistance 1 230.25
Support 1 212.20
Support 2 201.70
Support 3 194.15
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