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By EquityPandit

MARKET OUTLOOKNMDCSTOCK OUTLOOK

NMDC Outlook for the Week (June 03, 2024 – June 07, 2024)

NMDC
NMDC
NMDC closed the previous week on a negative note losing 8.13%.

Technically, NMDC share price will see immediate support at 248.85 and immediate resistance would be seen at 270.80.

If NMDC share price closes below immediate support of 248.85, then sharp breakdown can be seen. NMDC share price will see major support at 237.55 for the week.

290.00290.00280.00280.00270.00270.00260.00260.00250.00250.00240.00240.00230.00230.00220.00220.00Apr 19Apr 19Apr 24Apr 24Apr 29Apr 29May 3May 3May 8May 8May 13May 13May 16May 16May 21May 21May 24May 24May 29May 29Reversal Level 262.06BuySellSell

On the positive side, immediate resistance will be seen at 270.80. Closing above 270.80, NMDC share price will see a sharp breakout. Major resistance for NMDC share price will be seen at 281.45 for the week.

Trading range for NMDC share price for this week should be between 226.90 on down side and 292.75 on up side.

NMDC Previous Week High: 270.15

NMDC Previous Week Low: 248.2

NMDC Previous Week Range: 21.95 Points

NMDC share price support and resistance for the week (June 03, 2024 – June 07, 2024)

Level Type Value
Resistance 3 292.75
Resistance 2 281.45
Resistance 1 270.80
Support 1 248.85
Support 2 237.55
Support 3 226.90
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{"buy_point":[{"en_ltd":"2024-05-14","en_sup_p_91":"261.99","en_sup_t_91":"251.06","prev_close":"255.75","en_close":"265.05","new_date":"May 14","prev_close_no":255}],"sell_point":[{"en_ltd":"2024-05-22","en_sup_p_91":"273.50","en_sup_t_91":"287.64","prev_close":"282.20","en_close":"273.20","new_date":"May 22","prev_close_no":282},{"en_ltd":"2024-05-09","en_sup_p_91":"256.20","en_sup_t_91":"270.46","prev_close":"266.80","en_close":"253.00","new_date":"May 9","prev_close_no":266}]}

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