NTPC Weekly Outlook and Analysis:

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

NTPC closed the previous week on a negative note losing 8.32%

Technically, NTPC share price will see immediate support at 198.48 and immediate resistance would be seen at 215.98

If NTPC share price closes below immediate support of 198.48, then sharp breakdown can be seen. NTPC share price will see major support at 186.97 for the week.

On the positive side, immediate resistance will be seen at 215.98. Closing above 215.98, NTPC share price will see a sharp breakout. Major resistance for NTPC share price will be seen at 221.97 for the week.

Trading range for NTPC share price for this week should be between 180.98 on down side and 233.48 on up side.

NTPC Previous Week High: 210.45

NTPC Previous Week Low: 192.95

NTPC Previous Week Range: 17.5 Points

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