NMDC Weekly Outlook and Analysis:

For the Week: (July 31, 2023 – August 04, 2023)

NMDC closed the previous week on a negative note losing 2.82%

Technically, NMDC share price will see immediate support at 110.75 and immediate resistance would be seen at 113.95

If NMDC share price closes below immediate support of 110.75, then sharp breakdown can be seen. NMDC share price will see major support at 108.95 for the week.

On the positive side, immediate resistance will be seen at 113.95. Closing above 113.95, NMDC share price will see a sharp breakout. Major resistance for NMDC share price will be seen at 115.35 for the week.

Trading range for NMDC share price for this week should be between 107.55 on down side and 117.15 on up side.

NMDC Previous Week High: 113.55

NMDC Previous Week Low: 110.35

NMDC Previous Week Range: 3.2 Points

NMDC share price support and resistance for the week (July 31, 2023 – August 04, 2023)