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By EquityPandit

MARKET OUTLOOKMOTHERSONSTOCK OUTLOOK

MOTHERSON Outlook for the Week (August 14, 2023 – August 18, 2023)

MOTHERSON closed the previous week on a negative note losing 7.57%.

Technically, MOTHERSON share price will see immediate support at 94.23 and immediate resistance would be seen at 102.03.

If MOTHERSON share price closes below immediate support of 94.23, then sharp breakdown can be seen. MOTHERSON share price will see major support at 90.82 for the week.

104.00104.00102.00102.00100.00100.0098.0098.0096.0096.0094.0094.0092.0092.0090.0090.0088.0088.0086.0086.0084.0084.00Jul 4Jul 4Jul 7Jul 7Jul 12Jul 12Jul 17Jul 17Jul 20Jul 20Jul 25Jul 25Jul 28Jul 28Aug 2Aug 2Aug 7Aug 7Aug 10Aug 10Aug 16Aug 16Reversal Level 99.12Sell

On the positive side, immediate resistance will be seen at 102.03. Closing above 102.03, MOTHERSON share price will see a sharp breakout. Major resistance for MOTHERSON share price will be seen at 106.42 for the week.

Trading range for MOTHERSON share price for this week should be between 86.43 on down side and 109.83 on up side.

MOTHERSON Previous Week High: 103

MOTHERSON Previous Week Low: 95.2

MOTHERSON Previous Week Range: 7.8 Points

MOTHERSON share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type Value
Resistance 3 109.83
Resistance 2 106.42
Resistance 1 102.03
Support 1 94.23
Support 2 90.82
Support 3 86.43

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