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MARKET OUTLOOKNMDCSTOCK OUTLOOK

NMDC Outlook for the Week (August 21, 2023 – August 25, 2023)

NMDC
NMDC
NMDC closed the previous week on a negative note losing 5.33%.

Technically, NMDC share price will see immediate support at 112.32 and immediate resistance would be seen at 118.67.

If NMDC share price closes below immediate support of 112.32, then sharp breakdown can be seen. NMDC share price will see major support at 109.38 for the week.

On the positive side, immediate resistance will be seen at 118.67. Closing above 118.67, NMDC share price will see a sharp breakout. Major resistance for NMDC share price will be seen at 122.08 for the week.

Trading range for NMDC share price for this week should be between 105.97 on down side and 125.02 on up side.

NMDC Previous Week High: 119.15

NMDC Previous Week Low: 112.8

NMDC Previous Week Range: 6.35 Points

NMDC share price support and resistance for the week (August 21, 2023 – August 25, 2023)

Level Type Value
Resistance 3 125.02
Resistance 2 122.08
Resistance 1 118.67
Support 1 112.32
Support 2 109.38
Support 3 105.97

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