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

NTPC closed the previous week on a negative note losing 4.82%.

Technically, NTPC share price will see immediate support at 231.25 and immediate resistance would be seen at 243.05.

If NTPC share price closes below immediate support of 231.25, then sharp breakdown can be seen. NTPC share price will see major support at 226.30 for the week.

On the positive side, immediate resistance will be seen at 243.05. Closing above 243.05, NTPC share price will see a sharp breakout. Major resistance for NTPC share price will be seen at 249.90 for the week.

Trading range for NTPC share price for this week should be between 219.45 on down side and 254.85 on up side.

NTPC Previous Week High: 244.95

NTPC Previous Week Low: 233.15

NTPC Previous Week Range: 11.8 Points

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

Level Type Value
Resistance 3 254.85
Resistance 2 249.90
Resistance 1 243.05
Support 1 231.25
Support 2 226.30
Support 3 219.45

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