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MARKET OUTLOOKMRFSTOCK OUTLOOK

Mrf Outlook for the Week (August 07, 2023 – August 11, 2023)

Mrf closed the previous week on a negative note losing 9.46%.

Technically, Mrf share price will see immediate support at 104,465.37 and immediate resistance would be seen at 115,062.32.

If Mrf share price closes below immediate support of 104,465.37, then sharp breakdown can be seen. Mrf share price will see major support at 97,634.23 for the week.

On the positive side, immediate resistance will be seen at 115,062.32. Closing above 115,062.32, Mrf share price will see a sharp breakout. Major resistance for Mrf share price will be seen at 118,828.13 for the week.

Trading range for Mrf share price for this week should be between 93,868.42 on down side and 125,659.27 on up side.

Mrf Previous Week High: 111997

Mrf Previous Week Low: 101400.05

Mrf Previous Week Range: 10596.95 Points

Mrf share price support and resistance for the week (August 07, 2023 – August 11, 2023)

Level Type Value
Resistance 3 125,659.27
Resistance 2 118,828.13
Resistance 1 115,062.32
Support 1 104,465.37
Support 2 97,634.23
Support 3 93,868.42

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