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MARKET OUTLOOKMRFSTOCK OUTLOOK

Mrf Outlook for the Week (October 16, 2023 – October 20, 2023)

Mrf
Mrf
Mrf closed the previous week on a negative note losing 2.60%.

Technically, Mrf share price will see immediate support at 107,248.50 and immediate resistance would be seen at 110,093.50.

If Mrf share price closes below immediate support of 107,248.50, then sharp breakdown can be seen. Mrf share price will see major support at 105,404.25 for the week.

On the positive side, immediate resistance will be seen at 110,093.50. Closing above 110,093.50, Mrf share price will see a sharp breakout. Major resistance for Mrf share price will be seen at 111,094.25 for the week.

Trading range for Mrf share price for this week should be between 104,403.50 on down side and 112,938.50 on up side.

Mrf Previous Week High: 109250

Mrf Previous Week Low: 106405

Mrf Previous Week Range: 2845 Points

Mrf share price support and resistance for the week (October 16, 2023 – October 20, 2023)

Level Type Value
Resistance 3 112,938.50
Resistance 2 111,094.25
Resistance 1 110,093.50
Support 1 107,248.50
Support 2 105,404.25
Support 3 104,403.50
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