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MARKET OUTLOOKNMDCSTOCK OUTLOOK

NMDC Outlook for the Week (September 18, 2023 – September 22, 2023)

NMDC
NMDC
NMDC closed the previous week on a negative note losing 12.06%.

Technically, NMDC share price will see immediate support at 138.95 and immediate resistance would be seen at 157.55.

If NMDC share price closes below immediate support of 138.95, then sharp breakdown can be seen. NMDC share price will see major support at 128.00 for the week.

On the positive side, immediate resistance will be seen at 157.55. Closing above 157.55, NMDC share price will see a sharp breakout. Major resistance for NMDC share price will be seen at 165.20 for the week.

Trading range for NMDC share price for this week should be between 120.35 on down side and 176.15 on up side.

NMDC Previous Week High: 154.25

NMDC Previous Week Low: 135.65

NMDC Previous Week Range: 18.6 Points

NMDC share price support and resistance for the week (September 18, 2023 – September 22, 2023)

Level Type Value
Resistance 3 176.15
Resistance 2 165.20
Resistance 1 157.55
Support 1 138.95
Support 2 128.00
Support 3 120.35

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